Shares of Wm Morrison Supermarkets PLC (LON:MRW) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 197 ($2.57).
A number of equities analysts have weighed in on the stock. Shore Capital reaffirmed a “house stock” rating on shares of Wm Morrison Supermarkets in a research note on Thursday, March 11th. Berenberg Bank dropped their target price on shares of Wm Morrison Supermarkets from GBX 207 ($2.70) to GBX 202 ($2.64) and set a “buy” rating for the company in a research note on Thursday, March 11th.
Shares of LON MRW traded down GBX 1.50 ($0.02) during trading on Friday, reaching GBX 181.40 ($2.37). The company had a trading volume of 2,151,357 shares, compared to its average volume of 8,436,235. Wm Morrison Supermarkets has a 52 week low of GBX 161.30 ($2.11) and a 52 week high of GBX 210 ($2.74). The stock has a market cap of £4.37 billion and a PE ratio of 45.29. The company has a debt-to-equity ratio of 81.38, a quick ratio of 0.16 and a current ratio of 0.48. The business’s 50 day moving average price is GBX 177.39 and its 200-day moving average price is GBX 176.45.
About Wm Morrison Supermarkets
Wm Morrison Supermarkets PLC operates retail supermarket stores under the Morrisons brand name in the United Kingdom. The company engages in the in-store and online grocery retailing activities. It also supplies eggs; 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, leasing, technical testing and analysis, and property partnership services, as well as holds pharmaceutical license.
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