WM Morrison Supermarkets PLC (LON:MRW) Receives GBX 215.88 Consensus Target Price from Analysts
WM Morrison Supermarkets PLC (LON:MRW) has been assigned an average recommendation of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 219 ($2.89).
A number of research firms have weighed in on MRW. UBS AG boosted their price objective on WM Morrison Supermarkets PLC from GBX 207 ($2.73) to GBX 240 ($3.17) and gave the stock a “neutral” rating in a research note on Friday, April 7th. Deutsche Bank AG reissued a “hold” rating and set a GBX 225 ($2.97) price objective on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, July 26th. HSBC Holdings plc raised WM Morrison Supermarkets PLC to a “hold” rating and boosted their price objective for the stock from GBX 190 ($2.51) to GBX 240 ($3.17) in a research note on Wednesday. Macquarie boosted their price objective on WM Morrison Supermarkets PLC from GBX 215 ($2.84) to GBX 225 ($2.97) and gave the stock a “neutral” rating in a research note on Friday, April 7th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 260 ($3.43) price objective on shares of WM Morrison Supermarkets PLC in a research note on Friday, May 5th.
Shares of WM Morrison Supermarkets PLC (LON MRW) traded up 1.22% during mid-day trading on Friday, hitting GBX 248.20. 7,579,423 shares of the stock traded hands. WM Morrison Supermarkets PLC has a 1-year low of GBX 176.10 and a 1-year high of GBX 250.00. The company’s market capitalization is GBX 5.80 billion. The company’s 50-day moving average price is GBX 243.35 and its 200 day moving average price is GBX 241.11.
TRADEMARK VIOLATION WARNING: “WM Morrison Supermarkets PLC (LON:MRW) Receives GBX 215.88 Consensus Target Price from Analysts” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/08/03/wm-morrison-supermarkets-plc-lonmrw-receives-gbx-215-88-consensus-target-price-from-analysts.html.
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.
Receive News & Stock Ratings for WM Morrison Supermarkets PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Morrison Supermarkets PLC and related stocks with our FREE daily email newsletter.