Morrisons (OTCMKTS:MRWSY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
According to Zacks, “Wm Morrison Supermarkets PLC is engaged in the operation of food retailing primarily in the United Kingdom. It manufactures and distributes meat, fish, bakery, fruit and veg, deli and flowers. Wm Morrison Supermarkets PLC is based in Bradford, the United Kingdom. “
A number of other research firms have also weighed in on MRWSY. Berenberg Bank raised shares of Morrisons from a “sell” rating to a “hold” rating in a research report on Friday, April 6th. Jefferies Group upgraded shares of Morrisons from a “hold” rating to a “buy” rating in a report on Monday, March 5th. Finally, Sanford C. Bernstein upgraded shares of Morrisons from a “market perform” rating to an “outperform” rating in a report on Thursday, March 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.00.
Morrisons stock opened at $17.16 on Wednesday. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 2.13 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.41 and a quick ratio of 0.19. Morrisons has a fifty-two week low of $13.52 and a fifty-two week high of $17.21.
Morrisons Company Profile
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. It operates through 491 stores. The company is also involved in the manufacture and distribution of fresh food products; preparation and supply of seafood; processing of fresh meat; manufacture and distribution of morning goods and breads; investment, development, maintenance, and management of properties; produce packaging and purchasing; and the provision of leasing services.
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