Brokerages Set WM Morrison Supermarkets PLC (MRW) PT at $182.75
Shares of WM Morrison Supermarkets PLC (LON:MRW) have been assigned an average rating of “Hold” from the eighteen brokerages that are currently covering the firm. Eight investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 185.56 ($2.32).
A number of brokerages recently issued reports on MRW. Shore Capital reissued a “house stock” rating on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, August 17th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 145 ($1.81) target price on shares of WM Morrison Supermarkets PLC in a research report on Friday, August 5th. Jefferies Group downgraded WM Morrison Supermarkets PLC to a “hold” rating and lifted their target price for the company from GBX 210 ($2.62) to GBX 225 ($2.81) in a research report on Tuesday, November 1st. Societe Generale reaffirmed a “sell” rating and issued a GBX 170 ($2.12) target price on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, November 2nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 200 ($2.50) price objective on shares of WM Morrison Supermarkets PLC in a research report on Thursday, September 8th.
WM Morrison Supermarkets PLC (LON:MRW) opened at 218.40 on Tuesday. WM Morrison Supermarkets PLC has a 12 month low of GBX 138.60 and a 12 month high of GBX 230.30. The stock’s market capitalization is GBX 5.09 billion. The company has a 50 day moving average of GBX 221.28 and a 200 day moving average of GBX 198.57.
The business also recently disclosed a dividend, which was paid on Monday, November 7th. Stockholders of record on Thursday, September 29th were given a GBX 1.58 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a dividend yield of 0.76%.
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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