WM Morrison Supermarkets PLC (MRW) Earns Neutral Rating from BNP Paribas
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a report released on Monday. They presently have a GBX 200 ($2.48) price objective on the grocer’s stock. BNP Paribas’ target price suggests a potential downside of 9.17% from the stock’s previous close.
Several other equities analysts also recently weighed in on MRW. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 180 ($2.23) target price on shares of WM Morrison Supermarkets PLC in a report on Monday, June 27th. Societe Generale raised their target price on shares of WM Morrison Supermarkets PLC from GBX 150 ($1.86) to GBX 170 ($2.10) and gave the company a “sell” rating in a report on Friday, September 16th. Barclays PLC restated an “underweight” rating and set a GBX 165 ($2.04) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday, September 7th. Beaufort Securities restated a “hold” rating on shares of WM Morrison Supermarkets PLC in a report on Friday, September 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 200 ($2.48) target price on shares of WM Morrison Supermarkets PLC in a report on Thursday, September 8th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 182 ($2.25).
WM Morrison Supermarkets PLC (LON:MRW) opened at 220.40 on Monday. WM Morrison Supermarkets PLC has a one year low of GBX 138.60 and a one year high of GBX 227.10. The firm’s market capitalization is GBX 5.14 billion. The stock has a 50 day moving average of GBX 209.24 and a 200 day moving average of GBX 194.29.
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The business also recently declared a dividend, which will be paid on Monday, November 7th. Investors of record on Thursday, September 29th will be paid a GBX 1.58 ($0.02) dividend. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 0.76%.
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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