WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “underweight” rating reiterated by equities researchers at Barclays PLC in a report released on Monday. They presently have a GBX 240 ($3.04) price target on the grocer’s stock. Barclays PLC’s price objective would indicate a potential downside of 1.07% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Deutsche Bank AG restated a “hold” rating and issued a GBX 225 ($2.85) price objective on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, June 7th. Credit Suisse Group raised their price objective on shares of WM Morrison Supermarkets PLC from GBX 230 ($2.91) to GBX 240 ($3.04) and gave the company a “neutral” rating in a research report on Friday, May 26th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 260 ($3.29) price objective on shares of WM Morrison Supermarkets PLC in a research report on Friday, May 5th. Beaufort Securities restated a “buy” rating and issued a GBX 260 ($3.29) price objective on shares of WM Morrison Supermarkets PLC in a research report on Friday, May 5th. Finally, Shore Capital restated a “house stock” rating on shares of WM Morrison Supermarkets PLC in a research report on Thursday, May 4th. Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 214.93 ($2.72).

Analyst Recommendations for WM Morrison Supermarkets PLC (LON:MRW)

WM Morrison Supermarkets PLC (MRW) opened at 243.70 on Monday. The stock has a 50 day moving average of GBX 243.00 and a 200 day moving average of GBX 237.46. The company’s market capitalization is GBX 5.67 billion. WM Morrison Supermarkets PLC has a 12-month low of GBX 168.50 and a 12-month high of GBX 250.00.

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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.

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