WM Morrison Supermarkets (LON:MRW) had its target price raised by Berenberg Bank from GBX 230 ($3.01) to GBX 235 ($3.07) in a report released on Thursday morning, Digital Look reports. Berenberg Bank currently has a buy rating on the grocer’s stock.
A number of other research analysts have also recently issued reports on the stock. UBS Group reiterated a buy rating and set a GBX 245 ($3.20) price objective (down from GBX 260 ($3.40)) on shares of WM Morrison Supermarkets in a report on Tuesday, September 3rd. Shore Capital reiterated a house stock rating on shares of WM Morrison Supermarkets in a report on Thursday. Jefferies Financial Group reduced their price objective on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 255 ($3.33) and set a buy rating for the company in a report on Monday, August 12th. Citigroup reiterated a neutral rating on shares of WM Morrison Supermarkets in a report on Friday. Finally, Barclays reiterated an underweight rating on shares of WM Morrison Supermarkets in a report on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. WM Morrison Supermarkets has an average rating of Hold and an average price target of GBX 242.92 ($3.17).
Shares of LON MRW traded up GBX 5.50 ($0.07) during mid-day trading on Thursday, reaching GBX 208.60 ($2.73). 13,386,240 shares of the company’s stock traded hands, compared to its average volume of 9,680,000. The stock has a market cap of $4.87 billion and a P/E ratio of 20.65. The business has a 50-day simple moving average of GBX 188.81 and a 200 day simple moving average of GBX 208.11. WM Morrison Supermarkets has a 1-year low of GBX 176.90 ($2.31) and a 1-year high of GBX 269.80 ($3.53). The company has a debt-to-equity ratio of 27.96, a current ratio of 0.42 and a quick ratio of 0.14.
The company also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 26th will be issued a dividend of GBX 3.93 ($0.05) per share. This represents a yield of 1.94%. The ex-dividend date is Thursday, September 26th. WM Morrison Supermarkets’s dividend payout ratio (DPR) is presently 0.69%.
About WM Morrison Supermarkets
Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.
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