HSBC Holdings plc Reaffirms Hold Rating for WM Morrison Supermarkets PLC (MRW)
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “hold” rating reiterated by analysts at HSBC Holdings plc in a report released on Friday. They presently have a GBX 240 ($3.17) price target on the grocer’s stock. HSBC Holdings plc’s target price suggests a potential upside of 7.96% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Beaufort Securities reduced their price objective on shares of WM Morrison Supermarkets PLC from GBX 260 ($3.43) to GBX 250 ($3.30) and set a “buy” rating for the company in a report on Friday. Deutsche Bank AG lifted their price objective on shares of WM Morrison Supermarkets PLC from GBX 225 ($2.97) to GBX 235 ($3.10) and gave the company a “hold” rating in a report on Tuesday, August 29th. Jefferies Group LLC restated a “hold” rating and set a GBX 250 ($3.30) price target on shares of WM Morrison Supermarkets PLC in a report on Monday, October 23rd. Finally, Shore Capital restated a “house stock” rating on shares of WM Morrison Supermarkets PLC in a report on Thursday. Eight 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 has an average rating of “Hold” and a consensus price target of GBX 227.59 ($3.00).
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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