WM Morrison Supermarkets PLC (MRW) Rating Reiterated by J P Morgan Chase & Co
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “neutral” rating restated by analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. They presently have a GBX 260 ($3.36) target price on the grocer’s stock. J P Morgan Chase & Co’s price target points to a potential upside of 12.46% from the company’s current price.
MRW has been the topic of several other research reports. HSBC Holdings plc reiterated a “hold” rating and set a GBX 240 ($3.10) target price on shares of WM Morrison Supermarkets PLC in a research report on Friday. Deutsche Bank AG reiterated a “hold” rating and set a GBX 225 ($2.91) target price on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, June 7th. Barclays PLC dropped their target price on WM Morrison Supermarkets PLC from GBX 220 ($2.84) to GBX 215 ($2.78) and set an “underweight” rating on the stock in a research report on Friday. Credit Suisse Group reiterated a “neutral” rating and set a GBX 240 ($3.10) target price on shares of WM Morrison Supermarkets PLC in a research report on Tuesday, August 29th. Finally, Societe Generale reissued a “sell” rating and set a GBX 170 ($2.20) price target on shares of WM Morrison Supermarkets PLC in a research note on Friday. Six equities research 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. The stock currently has an average rating of “Hold” and a consensus target price of GBX 225.27 ($2.91).
Shares of WM Morrison Supermarkets PLC (LON MRW) traded down 0.52% during trading on Friday, reaching GBX 231.20. The company’s stock had a trading volume of 18,764,119 shares. The company has a 50 day moving average price of GBX 245.92 and a 200 day moving average price of GBX 241.90. The firm’s market capitalization is GBX 5.38 billion. WM Morrison Supermarkets PLC has a 52 week low of GBX 203.55 and a 52 week high of GBX 254.40.
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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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