WM Morrison Supermarkets (LON:MRW) Lowered to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein lowered shares of WM Morrison Supermarkets (LON:MRW) to a market perform rating in a report released on Thursday, March 28th, ThisIsMoney.Co.Uk reports. Sanford C. Bernstein currently has GBX 240 ($3.14) price target on the grocer’s stock, down from their prior price target of GBX 280 ($3.66).

Several other analysts have also recently issued reports on the stock. Barclays lowered their target price on shares of WM Morrison Supermarkets from GBX 225 ($2.94) to GBX 205 ($2.68) and set an underweight rating on the stock in a research note on Friday, March 22nd. Citigroup reiterated a neutral rating on shares of WM Morrison Supermarkets in a research note on Thursday, March 14th. Deutsche Bank lowered their target price on shares of WM Morrison Supermarkets from GBX 255 ($3.33) to GBX 235 ($3.07) and set a hold rating on the stock in a research note on Thursday, March 14th. Berenberg Bank lowered their price objective on shares of WM Morrison Supermarkets from GBX 285 ($3.72) to GBX 265 ($3.46) and set a buy rating on the stock in a research report on Thursday, February 21st. Finally, Morgan Stanley assumed coverage on shares of WM Morrison Supermarkets in a research report on Thursday, February 7th. They set an equal weight rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 249.09 ($3.25).

MRW traded down GBX 0.70 ($0.01) on Thursday, hitting GBX 221.40 ($2.89). The company’s stock had a trading volume of 4,675,184 shares, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a 12 month low of GBX 209.20 ($2.73) and a 12 month high of GBX 270.50 ($3.53). 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 company has a market cap of $5.23 billion and a PE ratio of 21.92.

The company also recently declared a dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, May 23rd will be issued a GBX 8.75 ($0.11) dividend. This represents a yield of 3.86%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a positive change from WM Morrison Supermarkets’s previous dividend of $3.85. WM Morrison Supermarkets’s dividend payout ratio (DPR) is 0.69%.

In other news, insider Andrew Higginson purchased 63,560 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were acquired at an average price 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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