WM Morrison Supermarkets PLC (MRWSY) Upgraded to Buy at Zacks Investment Research
WM Morrison Supermarkets PLC (NASDAQ:MRWSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $18.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 9.76% from the company’s previous close.
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. “
Separately, HSBC Holdings plc restated a “hold” rating on shares of WM Morrison Supermarkets PLC in a research note on Tuesday, August 8th.
Shares of WM Morrison Supermarkets PLC (NASDAQ:MRWSY) traded up 0.68% during mid-day trading on Thursday, hitting $16.40. The stock had a trading volume of 27,530 shares. The firm has a market cap of $7.63 billion and a PE ratio of 19.64. The stock’s 50-day moving average price is $16.10 and its 200-day moving average price is $15.49. WM Morrison Supermarkets PLC has a 52-week low of $12.60 and a 52-week high of $16.59.
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WM Morrison Supermarkets PLC Company Profile
Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company offers products, such as Free From, World Foods, Food To Go and Nutmeg clothing. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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