WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a research report issued on Monday. They currently have a GBX 250 ($3.32) price objective on the grocer’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 6.29% from the stock’s previous close.

MRW has been the subject of several other research reports. Barclays PLC lifted their target price on shares of WM Morrison Supermarkets PLC from GBX 205 ($2.72) to GBX 220 ($2.92) and gave the company an “underweight” rating in a report on Friday, September 1st. HSBC Holdings plc upgraded shares of WM Morrison Supermarkets PLC to a “hold” rating and lifted their target price for the company from GBX 190 ($2.52) to GBX 240 ($3.19) in a report on Wednesday, August 2nd. Deutsche Bank AG lifted their target price on shares of WM Morrison Supermarkets PLC from GBX 225 ($2.99) to GBX 235 ($3.12) and gave the company a “hold” rating in a report on Tuesday, August 29th. Credit Suisse Group lifted their target price on shares of WM Morrison Supermarkets PLC from GBX 240 ($3.19) to GBX 250 ($3.32) and gave the company a “neutral” rating in a report on Monday, October 2nd. Finally, Berenberg Bank started coverage on shares of WM Morrison Supermarkets PLC in a report on Tuesday, October 3rd. They issued a “sell” rating and a GBX 200 ($2.66) target price for the company. Eight investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 228.18 ($3.03).

Shares of WM Morrison Supermarkets PLC (LON MRW) opened at 233.60 on Monday. WM Morrison Supermarkets PLC has a one year low of GBX 210.20 and a one year high of GBX 254.40. The company has a 50 day moving average price of GBX 237.38 and a 200-day moving average price of GBX 241.12. The stock’s market cap is GBX 5.44 billion.

TRADEMARK VIOLATION NOTICE: This piece was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/23/wm-morrison-supermarkets-plc-mrw-earns-hold-rating-from-jefferies-group-llc.html.

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.

Analyst Recommendations for WM Morrison Supermarkets PLC (LON:MRW)

Receive News & Ratings for WM Morrison Supermarkets PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Morrison Supermarkets PLC and related companies with MarketBeat.com's FREE daily email newsletter.