WM Morrison Supermarkets PLC (LON:MRW) had its price objective raised by Barclays PLC from GBX 205 ($2.65) to GBX 220 ($2.85) in a research note published on Friday. Barclays PLC currently has an underweight rating on the grocer’s stock.

Several other research firms have also recently commented on MRW. Beaufort Securities reaffirmed a buy rating and issued a GBX 260 ($3.36) price objective on shares of WM Morrison Supermarkets PLC in a research report on Friday, May 5th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 225 ($2.91) price objective on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, June 28th. HSBC Holdings plc reaffirmed a reduce rating and issued a GBX 190 ($2.46) price objective on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, July 26th. Shore Capital reaffirmed a house stock rating on shares of WM Morrison Supermarkets PLC in a research report on Thursday, May 4th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 260 ($3.36) price objective on shares of WM Morrison Supermarkets PLC in a research report on Friday, May 5th. Seven equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 218.38 ($2.82).

Shares of WM Morrison Supermarkets PLC (MRW) opened at 245.90 on Friday. The company’s 50 day moving average price is GBX 246.80 and its 200 day moving average price is GBX 242.27. WM Morrison Supermarkets PLC has a one year low of GBX 188.60 and a one year high of GBX 254.40. The stock’s market capitalization is GBX 5.72 billion.

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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.

Analyst Recommendations for WM Morrison Supermarkets PLC (LON:MRW)

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