WM Morrison Supermarkets PLC (LON:MRW) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $184.35 and traded as high as $188.85. WM Morrison Supermarkets shares last traded at $187.00, with a volume of 4,581,632 shares.
Several research analysts recently commented on the company. Barclays reissued an “underweight” rating on shares of WM Morrison Supermarkets in a research note on Friday, May 22nd. Credit Suisse Group decreased their price target on WM Morrison Supermarkets from GBX 231 ($2.84) to GBX 221 ($2.72) and set an “outperform” rating for the company in a report on Tuesday, May 26th. JPMorgan Chase & Co. decreased their price target on WM Morrison Supermarkets from GBX 200 ($2.46) to GBX 175 ($2.15) and set a “neutral” rating for the company in a report on Tuesday, May 19th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of WM Morrison Supermarkets in a report on Thursday, April 23rd. Finally, Berenberg Bank raised WM Morrison Supermarkets to a “buy” rating and lifted their price target for the stock from GBX 200 ($2.46) to GBX 213 ($2.62) in a report on Tuesday, April 28th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. WM Morrison Supermarkets presently has an average rating of “Hold” and an average target price of GBX 206.30 ($2.54).
The company has a current ratio of 0.39, a quick ratio of 0.16 and a debt-to-equity ratio of 60.87. The firm has a market capitalization of $4.49 billion and a PE ratio of 12.98. The company has a fifty day moving average price of GBX 186.76 and a two-hundred day moving average price of GBX 184.35.
In other news, insider Andrew Higginson bought 21,340 shares of WM Morrison Supermarkets stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average cost of GBX 186 ($2.29) per share, with a total value of £39,692.40 ($48,846.17).
About WM Morrison Supermarkets (LON:MRW)
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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