WM Morrison Supermarkets (MRW) Hits New 52-Week Low at $197.65

WM Morrison Supermarkets PLC (LON:MRW)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 197.65 ($2.58) and last traded at GBX 198 ($2.59), with a volume of 249695 shares traded. The stock had previously closed at GBX 199.90 ($2.61).

A number of brokerages have commented on MRW. UBS Group reaffirmed a “buy” rating and set a GBX 260 ($3.40) target price (down from GBX 285 ($3.72)) on shares of WM Morrison Supermarkets in a research note on Friday, March 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of WM Morrison Supermarkets in a research note on Tuesday, April 9th. Berenberg Bank raised shares of WM Morrison Supermarkets to a “buy” rating and lifted their target price for the stock from GBX 250 ($3.27) to GBX 285 ($3.72) in a research note on Tuesday, February 5th. Shore Capital reaffirmed a “house stock” rating on shares of WM Morrison Supermarkets in a research note on Wednesday, May 1st. Finally, HSBC lifted their target price on shares of WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 265 ($3.46) and gave the stock a “buy” rating in a research note on Wednesday, February 6th. 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 stock. The stock currently has an average rating of “Hold” and an average price target of GBX 249.09 ($3.25).

The company has a market cap of $4.68 billion and a PE ratio of 19.44. 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 business also recently declared a dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, May 23rd will be given a GBX 8.75 ($0.11) dividend. This represents a yield of 3.86%. This is a boost from WM Morrison Supermarkets’s previous dividend of $3.85. The ex-dividend date of this dividend is Thursday, May 23rd. WM Morrison Supermarkets’s dividend payout ratio is 0.69%.

In other WM Morrison Supermarkets news, insider Trevor Strain sold 200,000 shares of the company’s 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).

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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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