WM Morrison Supermarkets PLC (LON:MRW) Given Consensus Recommendation of “Hold” by Analysts
Shares of WM Morrison Supermarkets PLC (LON:MRW) have been given a consensus recommendation of “Hold” by the seventeen analysts that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 215.88 ($2.81).
Several research firms have recently weighed in on MRW. HSBC Holdings plc reissued a “reduce” rating and set a GBX 190 ($2.48) price objective on shares of WM Morrison Supermarkets PLC in a report on Wednesday. Deutsche Bank AG reissued a “hold” rating and set a GBX 225 ($2.93) price objective on shares of WM Morrison Supermarkets PLC in a report on Wednesday. Barclays PLC reissued an “underweight” rating and set a GBX 240 ($3.13) price objective on shares of WM Morrison Supermarkets PLC in a report on Monday, June 19th. Finally, Credit Suisse Group boosted their price objective on shares of WM Morrison Supermarkets PLC from GBX 230 ($3.00) to GBX 240 ($3.13) and gave the company a “neutral” rating in a report on Friday, May 26th.
WM Morrison Supermarkets PLC (LON:MRW) opened at 240.60 on Friday. The company has a 50-day moving average of GBX 243.43 and a 200 day moving average of GBX 241.09. The company’s market capitalization is GBX 5.60 billion. WM Morrison Supermarkets PLC has a 12-month low of GBX 176.10 and a 12-month high of GBX 250.00.
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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