Wm Morrison Supermarkets PLC (LON:MRW) Receives GBX 197 Consensus Price Target from Analysts


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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.

The firm also recently declared a dividend, which will be paid on Monday, June 28th. Investors of record on Thursday, May 20th will be paid a dividend of GBX 5.11 ($0.07) per share. This represents a dividend yield of 2.89%. This is an increase from Wm Morrison Supermarkets’s previous dividend of $4.00. The ex-dividend date is Thursday, May 20th. Wm Morrison Supermarkets’s payout ratio is 1.72%.

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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Analyst Recommendations for Wm Morrison Supermarkets (LON:MRW)

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