WM Morrison Supermarkets PLC (MRW) Stock Rating Reaffirmed by HSBC Holdings plc
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “reduce” rating reaffirmed by research analysts at HSBC Holdings plc in a research note issued to investors on Wednesday. They presently have a GBX 190 ($2.48) price target on the grocer’s stock. HSBC Holdings plc’s price target indicates a potential downside of 21.23% from the company’s previous close.
A number of other research analysts also recently issued reports on MRW. UBS AG boosted their price target on shares of WM Morrison Supermarkets PLC from GBX 207 ($2.70) to GBX 240 ($3.13) and gave the stock a “neutral” rating in a research report on Friday, April 7th. Deutsche Bank AG restated a “hold” rating and issued a GBX 225 ($2.93) price target on shares of WM Morrison Supermarkets PLC in a research report on Wednesday. Macquarie boosted their price target on shares of WM Morrison Supermarkets PLC from GBX 215 ($2.80) to GBX 225 ($2.93) and gave the stock a “neutral” rating in a research report on Friday, April 7th. Credit Suisse Group lifted their price objective on shares of WM Morrison Supermarkets PLC from GBX 200 ($2.61) to GBX 230 ($3.00) and gave the company a “neutral” rating in a research note on Monday, April 3rd. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 260 ($3.39) price objective on shares of WM Morrison Supermarkets PLC in a research note on Friday, May 5th. Eight analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. WM Morrison Supermarkets PLC has an average rating of “Hold” and a consensus price target of GBX 215.88 ($2.81).
Shares of WM Morrison Supermarkets PLC (LON:MRW) opened at 242.70 on Wednesday. WM Morrison Supermarkets PLC has a 52 week low of GBX 176.10 and a 52 week high of GBX 250.00. The company’s market cap is GBX 5.65 billion. The firm has a 50-day moving average of GBX 243.70 and a 200 day moving average of GBX 240.99.
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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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