WM Morrison Supermarkets (MRW) Earns Buy Rating from Jefferies Financial Group
Jefferies Financial Group restated their buy rating on shares of WM Morrison Supermarkets (LON:MRW) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued reports about the company. UBS Group reiterated a buy rating and set a GBX 260 ($3.40) price objective (down from GBX 285 ($3.72)) on shares of WM Morrison Supermarkets in a research note on Friday, March 29th. Berenberg Bank upgraded WM Morrison Supermarkets to a buy rating and increased their price objective for the stock from GBX 250 ($3.27) to GBX 285 ($3.72) in a research note on Tuesday, February 5th. Deutsche Bank reiterated a hold rating on shares of WM Morrison Supermarkets in a research note on Monday, April 1st. HSBC increased their price objective on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 265 ($3.46) and gave the stock a buy rating in a research note on Wednesday, February 6th. Finally, Sanford C. Bernstein lowered WM Morrison Supermarkets to a market perform rating and dropped their price objective for the stock from GBX 280 ($3.66) to GBX 240 ($3.14) in a research note on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 249.09 ($3.25).
WM Morrison Supermarkets stock opened at GBX 219.48 ($2.87) on Tuesday. The company has a debt-to-equity ratio of 27.96, a current ratio of 0.42 and a quick ratio of 0.14. WM Morrison Supermarkets has a 52-week low of GBX 209.20 ($2.73) and a 52-week high of GBX 270.50 ($3.53). The firm has a market cap of $5.26 billion and a price-to-earnings ratio of 21.73.
In other WM Morrison Supermarkets news, insider Andrew Higginson bought 63,560 shares of the stock in a transaction dated Thursday, January 31st. The stock was bought at an average cost of GBX 236 ($3.08) per share, for a total transaction of £150,001.60 ($196,003.66).
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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