WM Morrison Supermarkets PLC (MRW) Receives Average Rating of “Hold” from Analysts
WM Morrison Supermarkets PLC (LON:MRW) has been assigned an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat.com reports. 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. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 225.27 ($2.91).
A number of brokerages have recently issued reports on MRW. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 240 ($3.10) price target on shares of WM Morrison Supermarkets PLC in a report on Friday. 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 report on Wednesday, July 26th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 240 ($3.10) price target on shares of WM Morrison Supermarkets PLC in a report on Monday, June 19th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 260 ($3.36) price target on shares of WM Morrison Supermarkets PLC in a report on Friday.
Shares of WM Morrison Supermarkets PLC (LON:MRW) opened at 231.20 on Friday. The stock’s market capitalization 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 12 month low of GBX 203.55 and a 12 month 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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