WM Morrison Supermarkets (LON:MRW) had its target price lowered by Barclays from GBX 225 ($2.94) to GBX 205 ($2.68) in a research report issued to clients and investors on Friday. The firm presently has an “underweight” rating on the grocer’s stock. Barclays‘s price objective would suggest a potential downside of 8.62% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Berenberg Bank raised WM Morrison Supermarkets to a “buy” rating and boosted their price target for the stock from GBX 250 ($3.27) to GBX 285 ($3.72) in a research report on Tuesday, February 5th. HSBC boosted their price target on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 265 ($3.46) and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Deutsche Bank lowered their price target on WM Morrison Supermarkets from GBX 255 ($3.33) to GBX 235 ($3.07) and set a “hold” rating on the stock in a research report on Thursday, March 14th. Jefferies Financial Group lowered their price target on WM Morrison Supermarkets from GBX 280 ($3.66) to GBX 265 ($3.46) and set a “buy” rating on the stock in a research report on Friday, January 4th. Finally, UBS Group lowered their price target on WM Morrison Supermarkets from GBX 295 ($3.85) to GBX 290 ($3.79) and set a “buy” rating on the stock in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 255 ($3.33).

LON:MRW opened at GBX 224.35 ($2.93) on Friday. The company has a market cap of $5.30 billion and a price-to-earnings ratio of 22.21. WM Morrison Supermarkets has a twelve month low of GBX 203.30 ($2.66) and a twelve month high of GBX 270.50 ($3.53). The company has a current ratio of 0.38, a quick ratio of 0.17 and a debt-to-equity ratio of 25.46.

In other WM Morrison Supermarkets news, insider Andrew Higginson bought 63,560 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were acquired at an average cost of GBX 236 ($3.08) per share, with a total value 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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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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