Zacks Investment Research Downgrades WM Morrison Supermarkets (MRWSY) to Hold

WM Morrison Supermarkets (OTCMKTS:MRWSY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.

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. “

Several other research analysts have also recently issued reports on the company. Goldman Sachs Group upgraded WM Morrison Supermarkets from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 5th. Berenberg Bank began coverage on WM Morrison Supermarkets in a research report on Tuesday, October 3rd. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. WM Morrison Supermarkets presently has an average rating of “Hold” and a consensus target price of $16.00.

WM Morrison Supermarkets (MRWSY) opened at $14.76 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.37. WM Morrison Supermarkets has a 52-week low of $13.52 and a 52-week high of $16.59.

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WM Morrison Supermarkets 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.

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