WM Morrison Supermarkets PLC (MRW) Rating Reiterated by BNP Paribas
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “neutral” rating restated by analysts at BNP Paribas in a note issued to investors on Friday. They presently have a GBX 200 ($2.61) price target on the grocer’s stock. BNP Paribas’ price objective would suggest a potential downside of 9.62% from the company’s current price.
A number of other research firms have also issued reports on MRW. Shore Capital reaffirmed a “house stock” rating on shares of WM Morrison Supermarkets PLC in a report on Monday, July 18th. Deutsche Bank AG raised WM Morrison Supermarkets PLC to a “hold” rating and lifted their target price for the stock from GBX 165 ($2.15) to GBX 200 ($2.61) in a report on Monday, September 19th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 180 ($2.35) target price on shares of WM Morrison Supermarkets PLC in a report on Monday, June 27th. Societe Generale reaffirmed a “sell” rating and set a GBX 150 ($1.96) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday, August 10th. Finally, HSBC reaffirmed a “reduce” rating and set a GBX 135 ($1.76) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday, August 10th. Seven equities research 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. WM Morrison Supermarkets PLC currently has an average rating of “Hold” and a consensus target price of GBX 182 ($2.38).
WM Morrison Supermarkets PLC (LON:MRW) opened at 219.20 on Friday. The firm’s market cap is GBX 5.11 billion. WM Morrison Supermarkets PLC has a 1-year low of GBX 138.60 and a 1-year high of GBX 227.10. The stock’s 50 day moving average is GBX 205.35 and its 200-day moving average is GBX 193.47.
The firm also recently disclosed a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, September 29th will be given a dividend of GBX 1.58 ($0.02) per share. The ex-dividend date is Thursday, September 29th. This represents a yield of 0.76%.
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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