WM Morrison Supermarkets PLC (MRW) Rating Reiterated by Barclays PLC
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “underweight” rating restated by equities researchers at Barclays PLC in a report issued on Wednesday. They presently have a GBX 190 ($2.37) target price on the grocer’s stock. Barclays PLC’s target price points to a potential downside of 14.38% from the company’s previous close.
MRW has been the subject of several other reports. Goldman Sachs Group Inc. lowered shares of WM Morrison Supermarkets PLC to a “sell” rating and decreased their price objective for the stock from GBX 180 ($2.25) to GBX 175 ($2.19) in a report on Thursday, September 1st. Morgan Stanley upped their price objective on shares of WM Morrison Supermarkets PLC from GBX 165 ($2.06) to GBX 170 ($2.12) and gave the stock an “underweight” rating in a report on Wednesday, September 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 200 ($2.50) price objective on shares of WM Morrison Supermarkets PLC in a report on Thursday, September 8th. Deutsche Bank AG restated a “sell” rating and issued a GBX 165 ($2.06) price objective on shares of WM Morrison Supermarkets PLC in a report on Thursday, September 8th. Finally, BNP Paribas upgraded shares of WM Morrison Supermarkets PLC to a “neutral” rating and upped their price objective for the stock from GBX 165 ($2.06) to GBX 200 ($2.50) in a report on Friday, September 16th. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 182.75 ($2.28).
WM Morrison Supermarkets PLC (LON:MRW) opened at 222.251 on Wednesday. The company’s 50 day moving average is GBX 221.23 and its 200-day moving average is GBX 198.24. The company’s market capitalization is GBX 5.18 billion. WM Morrison Supermarkets PLC has a 52-week low of GBX 138.60 and a 52-week high of GBX 230.30.
The company also recently announced a dividend, which was paid on Monday, November 7th. Shareholders of record on Thursday, September 29th were paid a dividend of GBX 1.58 ($0.02) per share. This represents a yield of 0.76%. The ex-dividend date was Thursday, September 29th.
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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