BNP Paribas Reaffirms Outperform Rating for WM Morrison Supermarkets PLC (MRW)
BNP Paribas restated their outperform rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research report sent to investors on Wednesday. The brokerage currently has a GBX 270 ($3.49) price objective on the grocer’s stock.
Other equities analysts have also issued reports about the company. HSBC Holdings plc raised WM Morrison Supermarkets PLC to a hold rating and boosted their price target for the company from GBX 190 ($2.45) to GBX 240 ($3.10) in a research note on Wednesday, August 2nd. Deutsche Bank AG reissued a hold rating and issued a GBX 225 ($2.91) price target on shares of WM Morrison Supermarkets PLC in a research note on Tuesday, August 1st. Finally, Credit Suisse Group boosted their price target on WM Morrison Supermarkets PLC from GBX 230 ($2.97) to GBX 240 ($3.10) and gave the company a neutral rating in a research note on Friday, May 26th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 225.27 ($2.91).
Shares of WM Morrison Supermarkets PLC (LON MRW) opened at 231.20 on Wednesday. WM Morrison Supermarkets PLC has a 1-year low of GBX 203.55 and a 1-year high of GBX 254.40. The company’s 50-day moving average price is GBX 245.92 and its 200-day moving average price is GBX 241.90. The company’s market capitalization is GBX 5.38 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.
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