Societe Generale Reaffirms Sell Rating for WM Morrison Supermarkets PLC (MRW)
Societe Generale reiterated their sell rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research report sent to investors on Friday. They currently have a GBX 170 ($2.20) target price on the grocer’s stock.
MRW has been the subject of several other reports. HSBC Holdings plc reaffirmed a hold rating and issued a GBX 240 ($3.10) target price on shares of WM Morrison Supermarkets PLC in a research report on Friday. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 225 ($2.91) target price on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, June 7th. Barclays PLC reduced their target price on WM Morrison Supermarkets PLC from GBX 220 ($2.84) to GBX 215 ($2.78) and set an underweight rating for the company in a research report on Friday. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a GBX 240 ($3.10) target price on shares of WM Morrison Supermarkets PLC in a research report on Tuesday, August 29th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 225.27 ($2.91).
Shares of WM Morrison Supermarkets PLC (MRW) opened at 230.40 on Friday. The company’s market cap is GBX 5.36 billion. The firm’s 50-day moving average is GBX 245.92 and its 200 day moving average is GBX 241.90. WM Morrison Supermarkets PLC has a 1-year low of GBX 203.55 and a 1-year high of GBX 254.40.
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The firm also recently announced a dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, September 28th will be paid a GBX 1.66 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a dividend yield of 0.72%.
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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