WM Morrison Supermarkets PLC (MRW) Price Target Cut to GBX 215 by Analysts at Barclays PLC
WM Morrison Supermarkets PLC (LON:MRW) had its price target dropped by investment analysts at Barclays PLC from GBX 220 ($2.84) to GBX 215 ($2.78) in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has an “underweight” rating on the grocer’s stock. Barclays PLC’s price target points to a potential downside of 7.01% from the company’s current price.
A number of other brokerages have also recently issued reports on MRW. BNP Paribas reissued an “outperform” rating and issued a GBX 270 ($3.49) target price on shares of WM Morrison Supermarkets PLC in a research report on Wednesday. HSBC Holdings plc reissued a “hold” rating on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, September 6th. Credit Suisse Group reissued a “neutral” rating and issued a GBX 240 ($3.10) target price on shares of WM Morrison Supermarkets PLC in a research report on Tuesday, August 29th. Finally, Deutsche Bank AG upped their target price on WM Morrison Supermarkets PLC from GBX 225 ($2.91) to GBX 235 ($3.03) and gave the company a “hold” rating in a research report on Tuesday, August 29th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average 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, reaching GBX 231.20. The company’s stock had a trading volume of 18,764,119 shares. The stock’s 50-day moving average price is GBX 245.92 and its 200-day moving average price is GBX 241.90. The company’s market cap is GBX 5.38 billion. WM Morrison Supermarkets PLC has a 12-month low of GBX 203.55 and a 12-month high of GBX 254.40.
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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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