WM Morrison Supermarkets’ (MRW) Hold Rating Reaffirmed at Deutsche Bank

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Deutsche Bank restated their hold rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

MRW has been the subject of a number of other reports. Sanford C. Bernstein set a €86.00 ($100.00) target price on shares of Bayer and gave the stock a buy rating in a report on Thursday, March 28th. Barclays reiterated an underweight rating and issued a GBX 195 ($2.55) target price on shares of in a report on Friday, July 5th. Jefferies Financial Group reiterated a buy rating and issued a GBX 265 ($3.46) target price on shares of WM Morrison Supermarkets in a report on Monday, April 29th. Shore Capital restated a house stock rating on shares of WM Morrison Supermarkets in a report on Wednesday, May 1st. Finally, Citigroup upped their price objective on shares of Mongodb from $94.00 to $116.00 and gave the company a neutral rating in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 248.18 ($3.24).

Shares of WM Morrison Supermarkets stock opened at GBX 207.90 ($2.72) on Friday. The company has a market capitalization of $4.98 billion and a P/E ratio of 20.58. The company has a debt-to-equity ratio of 27.96, a current ratio of 0.42 and a quick ratio of 0.14. The business has a 50-day moving average price of GBX 200.72. WM Morrison Supermarkets has a one year low of GBX 192.15 ($2.51) and a one year high of GBX 270.50 ($3.53).

In other news, insider Trevor Strain sold 200,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of GBX 213 ($2.78), for a total transaction of £426,000 ($556,644.45).

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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