WM Morrison Supermarkets (MRW) PT Lowered to GBX 205
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.
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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