HSBC Holdings plc Reiterates “Hold” Rating for WM Morrison Supermarkets PLC (MRW)
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “hold” rating reiterated by analysts at HSBC Holdings plc in a research report issued to clients and investors on Wednesday.
A number of other equities analysts have also recently issued reports on the company. Barclays PLC reiterated an “underweight” rating and issued a GBX 205 ($2.65) target price on shares of WM Morrison Supermarkets PLC in a report on Monday, May 22nd. Credit Suisse Group increased their target price on WM Morrison Supermarkets PLC from GBX 230 ($2.97) to GBX 240 ($3.10) and gave the stock a “neutral” rating in a report on Friday, May 26th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a GBX 225 ($2.91) target price on shares of WM Morrison Supermarkets PLC in a report on Friday, July 7th. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 218.38 ($2.82).
Shares of WM Morrison Supermarkets PLC (LON:MRW) traded up 0.16% during trading on Wednesday, reaching GBX 248.30. 4,165,957 shares of the company were exchanged. The company’s market capitalization is GBX 5.78 billion. WM Morrison Supermarkets PLC has a one year low of GBX 188.60 and a one year high of GBX 254.40. The firm’s 50 day moving average price is GBX 246.76 and its 200 day moving average price is GBX 242.16.
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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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