WM Morrison Supermarkets PLC (MRW) Given Average Recommendation of “Hold” by Brokerages
Shares of WM Morrison Supermarkets PLC (LON:MRW) have earned a consensus rating of “Hold” from the nineteen brokerages that are covering the company. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 182 ($2.25).
Several research analysts have recently weighed in on MRW shares. Societe Generale reiterated a “sell” rating and set a GBX 150 ($1.86) price objective on shares of WM Morrison Supermarkets PLC in a report on Friday, June 17th. Deutsche Bank AG reiterated a “sell” rating on shares of WM Morrison Supermarkets PLC in a report on Friday, June 24th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 180 ($2.23) price objective on shares of WM Morrison Supermarkets PLC in a report on Monday, June 27th. BNP Paribas reissued an “underperform” rating and set a GBX 145 ($1.79) target price on shares of WM Morrison Supermarkets PLC in a research report on Monday, June 27th. Finally, HSBC reissued a “hold” rating and set a GBX 165 ($2.04) target price on shares of WM Morrison Supermarkets PLC in a research report on Thursday, June 30th.
Shares of WM Morrison Supermarkets PLC (LON:MRW) traded down 0.59% on Tuesday, reaching GBX 217.30. 8,795,594 shares of the company were exchanged. WM Morrison Supermarkets PLC has a 1-year low of GBX 138.60 and a 1-year high of GBX 227.10. The company has a 50-day moving average price of GBX 207.21 and a 200 day moving average price of GBX 193.64. The stock’s market capitalization is GBX 5.07 billion.
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The business also recently declared a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, September 29th will be given a dividend of GBX 1.58 ($0.02) per share. This represents a dividend yield of 0.76%. The ex-dividend date is Thursday, September 29th.
About WM Morrison Supermarkets PLC
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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