WM Morrison Supermarkets (MRW) Given “Underweight” Rating at Barclays
WM Morrison Supermarkets (LON:MRW)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays in a research note issued on Friday. They presently have a GBX 215 ($2.92) price objective on the grocer’s stock. Barclays’ target price would indicate a potential downside of 5.74% from the stock’s previous close.
MRW has been the subject of several other research reports. Deutsche Bank reissued a “hold” rating and issued a GBX 260 ($3.53) price objective on shares of WM Morrison Supermarkets in a report on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and issued a GBX 250 ($3.39) price objective on shares of WM Morrison Supermarkets in a report on Monday, October 23rd. Berenberg Bank started coverage on WM Morrison Supermarkets in a report on Tuesday, October 3rd. They issued a “sell” rating and a GBX 200 ($2.71) price objective for the company. Credit Suisse Group increased their price objective on WM Morrison Supermarkets from GBX 240 ($3.25) to GBX 250 ($3.39) and gave the company a “neutral” rating in a report on Monday, October 2nd. Finally, UBS Group cut their price objective on WM Morrison Supermarkets from GBX 240 ($3.25) to GBX 230 ($3.12) and set a “neutral” rating for the company in a report on Friday, January 5th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. WM Morrison Supermarkets has a consensus rating of “Hold” and an average price target of GBX 230.29 ($3.12).
WM Morrison Supermarkets (LON MRW) traded up GBX 1.90 ($0.03) during midday trading on Friday, hitting GBX 228.10 ($3.09). The stock had a trading volume of 10,686,684 shares, compared to its average volume of 9,850,000. The firm has a market cap of $5,370.00 and a P/E ratio of 1,520.67. WM Morrison Supermarkets has a 12 month low of GBX 205 ($2.78) and a 12 month high of GBX 254.40 ($3.45).
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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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