WM Morrison Supermarkets PLC (MRW) Given “Neutral” Rating at BNP Paribas
BNP Paribas reiterated their neutral rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a report issued on Thursday. The brokerage currently has a GBX 200 ($2.61) target price on the grocer’s stock.
Other equities analysts have also issued reports about the company. Barclays PLC raised their target price on WM Morrison Supermarkets PLC from GBX 165 ($2.15) to GBX 190 ($2.48) and gave the company a underweight rating in a report on Friday, September 16th. Jefferies Group restated a buy rating and set a GBX 210 ($2.74) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday, June 1st. HSBC reiterated a hold rating and issued a GBX 190 ($2.48) price objective on shares of WM Morrison Supermarkets PLC in a research note on Friday, June 10th. Beaufort Securities reiterated a hold rating on shares of WM Morrison Supermarkets PLC in a research note on Friday, September 16th. Finally, Deutsche Bank AG upgraded WM Morrison Supermarkets PLC to a hold rating and lifted their price objective for the stock from GBX 165 ($2.15) to GBX 200 ($2.61) in a research note on Monday, September 19th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 182 ($2.38).
WM Morrison Supermarkets PLC (LON:MRW) opened at 215.90 on Thursday. The company has a 50-day moving average price of GBX 201.35 and a 200-day moving average price of GBX 192.78. WM Morrison Supermarkets PLC has a one year low of GBX 138.60 and a one year high of GBX 219.90. The stock’s market cap is GBX 5.03 billion.
The company also recently declared a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, September 29th will be issued a GBX 1.58 ($0.02) dividend. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, September 29th.
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.
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