HSBC Holdings plc Reiterates Hold Rating for WM Morrison Supermarkets PLC (MRW)
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “hold” rating reaffirmed by research analysts at HSBC Holdings plc in a report issued on Friday, Marketbeat reports. They currently have a GBX 240 ($3.10) price target on the grocer’s stock. HSBC Holdings plc’s price objective would indicate a potential upside of 3.81% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Barclays PLC decreased their price target on shares of WM Morrison Supermarkets PLC from GBX 220 ($2.84) to GBX 215 ($2.78) and set an “underweight” rating for the company in a research note on Friday. BNP Paribas restated an “outperform” rating and set a GBX 270 ($3.49) price target on shares of WM Morrison Supermarkets PLC in a research note on Wednesday. Credit Suisse Group restated a “neutral” rating and set a GBX 240 ($3.10) price target on shares of WM Morrison Supermarkets PLC in a research note on Tuesday, August 29th. Finally, Deutsche Bank AG raised their price target on shares of WM Morrison Supermarkets PLC from GBX 225 ($2.91) to GBX 235 ($3.03) and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. WM Morrison Supermarkets PLC currently has a consensus rating of “Hold” and an average price target of GBX 225.27 ($2.91).
Shares of WM Morrison Supermarkets PLC (LON:MRW) traded down 0.52% during midday trading on Friday, hitting GBX 231.20. The stock had a trading volume of 18,764,119 shares. The company’s market cap is GBX 5.38 billion. The stock’s 50-day moving average price is GBX 245.92 and its 200 day moving average price is GBX 241.90. WM Morrison Supermarkets PLC has a 52 week low of GBX 203.55 and a 52 week high of GBX 254.40.
WARNING: “HSBC Holdings plc Reiterates Hold Rating for WM Morrison Supermarkets PLC (MRW)” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/16/hsbc-holdings-plc-reiterates-hold-rating-for-wm-morrison-supermarkets-plc-mrw-2.html.
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.
Receive News & Ratings for WM Morrison Supermarkets PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Morrison Supermarkets PLC and related companies with MarketBeat.com's FREE daily email newsletter.