WM Morrison Supermarkets (MRWSY) Rating Increased to Buy at Zacks Investment Research

WM Morrison Supermarkets (OTCMKTS:MRWSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $16.00 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 5.96% from the stock’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. “

MRWSY has been the topic of several other research reports. Berenberg Bank initiated coverage on shares of WM Morrison Supermarkets in a research report on Tuesday, October 3rd. They set a “sell” rating on the stock. Goldman Sachs Group raised shares of WM Morrison Supermarkets from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.00.

Shares of WM Morrison Supermarkets (OTCMKTS MRWSY) opened at $15.10 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.37. WM Morrison Supermarkets has a 12-month low of $13.52 and a 12-month high of $16.59.

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About WM Morrison Supermarkets

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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