WM Morrison Supermarkets PLC (MRW) PT Raised to GBX 260 at Deutsche Bank AG
WM Morrison Supermarkets PLC (LON:MRW) had its price objective boosted by investment analysts at Deutsche Bank AG from GBX 235 ($3.03) to GBX 260 ($3.36) in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has a “hold” rating on the grocer’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 12.46% from the company’s current price.
A number of other research firms have also commented on MRW. HSBC Holdings plc reaffirmed a “hold” rating on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, September 6th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 270 ($3.49) price target on shares of WM Morrison Supermarkets PLC in a research report on Wednesday. Barclays PLC reaffirmed an “underweight” rating and set a GBX 240 ($3.10) price target on shares of WM Morrison Supermarkets PLC in a research report on Monday, June 19th. Societe Generale reaffirmed a “sell” rating and set a GBX 170 ($2.20) price target on shares of WM Morrison Supermarkets PLC in a research report on Friday. Finally, Credit Suisse Group raised their price target on shares of WM Morrison Supermarkets PLC from GBX 230 ($2.97) to GBX 240 ($3.10) and gave the stock a “neutral” rating in a research report on Friday, May 26th. 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 stock. WM Morrison Supermarkets PLC has a consensus rating of “Hold” and an average price target of GBX 225.27 ($2.91).
WM Morrison Supermarkets PLC (MRW) traded down 0.52% during trading on Friday, reaching GBX 231.20. 18,764,119 shares of the company’s stock were exchanged. 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. The firm’s market cap is GBX 5.38 billion.
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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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