Several other equities research analysts have also weighed in on the company. Jefferies Financial Group reissued a buy rating and set a GBX 265 ($3.46) price objective on shares of WM Morrison Supermarkets in a research note on Monday, April 29th. Shore Capital reissued a house stock rating on shares of WM Morrison Supermarkets in a research note on Wednesday, May 1st. UBS Group set a $133.00 price objective on LHC Group and gave the stock a buy rating in a research note on Friday, May 10th. Sanford C. Bernstein set a €86.00 ($100.00) price objective on Bayer and gave the stock a buy rating in a research note on Thursday, March 28th. Finally, Deutsche Bank raised their price objective on Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 248.18 ($3.24).
MRW opened at GBX 209.40 ($2.74) on Tuesday. The company has a market cap of $5.01 billion and a price-to-earnings ratio of 20.73. The company has a current ratio of 0.42, a quick ratio of 0.14 and a debt-to-equity ratio of 27.96. The stock’s fifty day moving average is GBX 201.49. WM Morrison Supermarkets has a fifty-two week low of GBX 192.15 ($2.51) and a fifty-two week high of GBX 270.50 ($3.53).
In other news, insider Trevor Strain sold 200,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of GBX 213 ($2.78), for a total value 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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