WM Morrison Supermarkets PLC (MRW) Receives GBX 182 Average PT from Analysts
Shares of WM Morrison Supermarkets PLC (LON:MRW) have received an average rating of “Hold” from the nineteen research firms that are covering the company. Seven analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 182 ($2.25).
A number of equities research analysts have recently commented on the company. BNP Paribas restated a “neutral” rating and set a GBX 200 ($2.48) target price on shares of WM Morrison Supermarkets PLC in a research report on Friday, October 7th. Credit Suisse Group AG raised their target price on WM Morrison Supermarkets PLC from GBX 180 ($2.23) to GBX 200 ($2.48) and gave the company a “neutral” rating in a research report on Monday, September 26th. Deutsche Bank AG upgraded WM Morrison Supermarkets PLC to a “hold” rating and raised their target price for the company from GBX 165 ($2.04) to GBX 200 ($2.48) in a research report on Monday, September 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 200 ($2.48) target price on shares of WM Morrison Supermarkets PLC in a research report on Monday, September 19th. Finally, Barclays PLC raised their target price on WM Morrison Supermarkets PLC from GBX 165 ($2.04) to GBX 190 ($2.35) and gave the company a ” underweight” rating in a research report on Friday, September 16th.
Shares of WM Morrison Supermarkets PLC (LON:MRW) opened at 219.00 on Tuesday. The stock’s market capitalization is GBX 5.11 billion. WM Morrison Supermarkets PLC has a 12 month low of GBX 138.60 and a 12 month high of GBX 227.10. The firm’s 50-day moving average price is GBX 208.65 and its 200-day moving average price is GBX 194.11.
The company also recently announced a dividend, which will be paid on Monday, November 7th. Investors of record on Thursday, September 29th will be paid a dividend of GBX 1.58 ($0.02) per share. The ex-dividend date is Thursday, September 29th. This represents a dividend 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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