WM Morrison Supermarkets (MRW) Upgraded to Neutral by Goldman Sachs Group
WM Morrison Supermarkets (LON:MRW) was upgraded by research analysts at Goldman Sachs Group to a “neutral” rating in a report issued on Tuesday. The firm currently has a GBX 210 ($2.83) target price on the grocer’s stock, up from their prior target price of GBX 195 ($2.62). Goldman Sachs Group’s price objective indicates a potential downside of 5.52% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Beaufort Securities reduced their target price on shares of WM Morrison Supermarkets from GBX 260 ($3.50) to GBX 250 ($3.36) and set a “buy” rating on the stock in a research note on Friday, November 3rd. Deutsche Bank reaffirmed a “hold” rating and set a GBX 260 ($3.50) target price on shares of WM Morrison Supermarkets in a research note on Thursday, September 21st. reaffirmed a “hold” rating and set a GBX 240 ($3.23) target price on shares of WM Morrison Supermarkets in a research note on Friday, September 15th. Jefferies Group reaffirmed a “hold” rating and set a GBX 250 ($3.36) target price on shares of WM Morrison Supermarkets in a research note on Monday, October 23rd. Finally, reaffirmed a “hold” rating and set a GBX 240 ($3.23) target price on shares of WM Morrison Supermarkets in a research note on Friday, November 3rd. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 229.95 ($3.09).
WM Morrison Supermarkets (LON:MRW) traded up GBX 1.26 ($0.02) on Tuesday, reaching GBX 222.26 ($2.99). 10,420,000 shares of the company were exchanged, compared to its average volume of 8,580,000. WM Morrison Supermarkets has a 52-week low of GBX 205 ($2.76) and a 52-week high of GBX 254.40 ($3.42).
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About WM Morrison Supermarkets
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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