WM Morrison Supermarkets PLC’s (MRW) “Neutral” Rating Reaffirmed at Macquarie
Macquarie reaffirmed their neutral rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a report published on Wednesday morning. Macquarie currently has a GBX 190 ($2.37) price objective on the grocer’s stock.
A number of other research analysts have also issued reports on the stock. Goldman Sachs Group Inc. upped their price target on shares of WM Morrison Supermarkets PLC from GBX 175 ($2.19) to GBX 180 ($2.25) and gave the company a sell rating in a research note on Wednesday, October 26th. BNP Paribas restated a neutral rating and set a GBX 200 ($2.50) price target on shares of WM Morrison Supermarkets PLC in a research note on Friday, October 7th. Shore Capital restated a house stock rating on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, August 17th. Deutsche Bank AG upgraded shares of WM Morrison Supermarkets PLC to a hold rating and upped their price target for the company from GBX 165 ($2.06) to GBX 200 ($2.50) in a research note on Monday, September 19th. Finally, Societe Generale restated a sell rating and set a GBX 170 ($2.12) price target on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, November 2nd. Eight research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 183.18 ($2.29).
Shares of WM Morrison Supermarkets PLC (LON:MRW) traded down 0.05% on Wednesday, hitting GBX 218.40. 6,938,854 shares of the stock traded hands. WM Morrison Supermarkets PLC has a one year low of GBX 138.60 and a one year high of GBX 230.30. The stock has a 50 day moving average of GBX 221.28 and a 200 day moving average of GBX 198.43. The company’s market cap is GBX 5100.47 billion.
The business also recently declared a dividend, which was paid on Monday, November 7th. Shareholders of record on Thursday, September 29th were given a dividend of GBX 1.58 ($0.02) per share. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend was 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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