Brokerages Set $16.60 Target Price for WM Morrison Supermarkets PLC (MRWSY)
WM Morrison Supermarkets PLC (NASDAQ:MRWSY) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a one year consensus price objective of $16.60 for the company, according to Zacks. Zacks has also given WM Morrison Supermarkets PLC an industry rank of 203 out of 265 based on the ratings given to its competitors.
Several analysts have recently issued reports on the company. Zacks Investment Research raised WM Morrison Supermarkets PLC from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday. HSBC Holdings plc reissued a “hold” rating on shares of WM Morrison Supermarkets PLC in a report on Tuesday, August 8th.
Shares of WM Morrison Supermarkets PLC (MRWSY) traded up 1.66% during trading on Friday, reaching $15.92. The company’s stock had a trading volume of 828 shares. The company has a market cap of $7.41 billion and a PE ratio of 19.07. The stock’s 50 day moving average price is $16.10 and its 200 day moving average price is $15.51. WM Morrison Supermarkets PLC has a 52 week low of $13.09 and a 52 week high of $16.59.
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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