Barclays PLC Trims WM Morrison Supermarkets PLC (MRW) Target Price to GBX 215
WM Morrison Supermarkets PLC (LON:MRW) had its target price cut by Barclays PLC from GBX 220 ($2.97) to GBX 215 ($2.90) in a research report sent to investors on Friday morning, Marketbeat reports. They currently have an underweight rating on the grocer’s stock.
Other analysts also recently issued research reports about the company. Deutsche Bank AG lifted their price target on WM Morrison Supermarkets PLC from GBX 225 ($3.03) to GBX 235 ($3.17) and gave the company a hold rating in a research note on Tuesday, August 29th. HSBC Holdings plc raised WM Morrison Supermarkets PLC to a hold rating and lifted their price target for the company from GBX 190 ($2.56) to GBX 240 ($3.24) in a research note on Wednesday, August 2nd. Credit Suisse Group lifted their price target on WM Morrison Supermarkets PLC from GBX 230 ($3.10) to GBX 240 ($3.24) and gave the company a neutral rating in a research note on Friday, May 26th. Finally, BNP Paribas reissued an outperform rating and issued a GBX 270 ($3.64) price target on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, September 13th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 225.27 ($3.04).
WM Morrison Supermarkets PLC (LON:MRW) opened at 231.10 on Friday. WM Morrison Supermarkets PLC has a 52 week low of GBX 210.20 and a 52 week high of GBX 254.40. The firm has a 50-day moving average price of GBX 245.70 and a 200-day moving average price of GBX 241.79. The stock’s market cap is GBX 5.38 billion.
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The firm also recently declared a dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, September 28th will be issued a dividend of GBX 1.66 ($0.02) per share. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 28th.
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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