WM Morrison Supermarkets PLC (MRW) Receives Hold Rating from Deutsche Bank AG
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “hold” rating reaffirmed by Deutsche Bank AG in a research report issued to clients and investors on Friday, Marketbeat.com reports. They presently have a GBX 225 ($2.91) price objective on the grocer’s stock. Deutsche Bank AG’s target price suggests a potential downside of 6.68% from the company’s current price.
MRW has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 190 ($2.46) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday, April 12th. Barclays PLC restated an “underweight” rating and set a GBX 205 ($2.66) target price on shares of WM Morrison Supermarkets PLC in a report on Monday, May 22nd. HSBC Holdings plc restated a “buy” rating and set a GBX 200 ($2.59) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday, March 22nd. Credit Suisse Group upped their target price on WM Morrison Supermarkets PLC from GBX 230 ($2.98) to GBX 240 ($3.11) and gave the company a “neutral” rating in a report on Friday, May 26th. Finally, Shore Capital reiterated a “house stock” rating on shares of WM Morrison Supermarkets PLC in a report on Thursday, May 4th. Eight investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 214.27 ($2.78).
Shares of WM Morrison Supermarkets PLC (LON MRW) traded up 0.29% during midday trading on Friday, reaching GBX 241.10. 5,794,406 shares of the company’s stock were exchanged. WM Morrison Supermarkets PLC has a 12 month low of GBX 172.00 and a 12 month high of GBX 250.00. The company’s market cap is GBX 5.61 billion. The firm has a 50 day moving average price of GBX 243.87 and a 200 day moving average price of GBX 239.06.
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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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