WM Morrison Supermarkets PLC’s (MRW) Sell Rating Reaffirmed at Societe Generale
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “sell” rating restated by equities research analysts at Societe Generale in a research note issued on Friday. They presently have a GBX 170 ($2.20) price target on the grocer’s stock. Societe Generale’s price objective suggests a potential downside of 26.47% from the company’s previous close.
Several other brokerages have also recently commented on MRW. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 225 ($2.91) price target on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, June 28th. 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. Finally, Barclays PLC reissued an “underweight” rating and issued a GBX 240 ($3.10) target price on shares of WM Morrison Supermarkets PLC in a report on Monday, June 19th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 225.27 ($2.91).
WM Morrison Supermarkets PLC (LON MRW) traded down 0.52% during mid-day trading on Friday, hitting GBX 231.20. The stock had a trading volume of 18,764,119 shares. The firm’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. The company has a 50-day moving average of GBX 245.92 and a 200-day moving average of GBX 241.90.
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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