WM Morrison Supermarkets (MRW) Price Target Cut to GBX 230 by Analysts at UBS Group
WM Morrison Supermarkets (LON:MRW) had its price target reduced by research analysts at UBS Group from GBX 240 ($3.21) to GBX 230 ($3.08) in a research note issued to investors on Friday, www.digitallook.com reports. The brokerage currently has a “neutral” rating on the grocer’s stock. UBS Group’s price target would indicate a potential upside of 2.13% from the company’s previous close.
A number of other research firms have also issued reports on MRW. BNP Paribas reissued an “outperform” rating and issued a GBX 270 ($3.61) price target on shares of WM Morrison Supermarkets in a research report on Wednesday, September 13th. Deutsche Bank reissued a “hold” rating and issued a GBX 260 ($3.48) price target on shares of WM Morrison Supermarkets in a research report on Thursday, September 21st. Berenberg Bank assumed coverage on shares of WM Morrison Supermarkets in a research report on Tuesday, October 3rd. They issued a “sell” rating and a GBX 200 ($2.67) price target for the company. Morgan Stanley increased their price target on shares of WM Morrison Supermarkets from GBX 170 ($2.27) to GBX 210 ($2.81) and gave the stock an “underweight” rating in a research report on Wednesday, September 20th. Finally, Citigroup reissued a “sell” rating and issued a GBX 210 ($2.81) price target on shares of WM Morrison Supermarkets in a research report on Wednesday, September 20th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 228.63 ($3.06).
WM Morrison Supermarkets (LON MRW) traded up GBX 2.70 ($0.04) during midday trading on Friday, hitting GBX 225.20 ($3.01). 11,116,690 shares of the stock were exchanged, compared to its average volume of 8,690,000. The stock has a market capitalization of $5,300.00 and a price-to-earnings ratio of 1,501.33. WM Morrison Supermarkets has a 1-year low of GBX 205 ($2.74) and a 1-year high of GBX 254.40 ($3.40).
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WM Morrison Supermarkets 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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