WM Morrison Supermarkets (MRW) Price Target Lowered to GBX 230 at Credit Suisse Group
WM Morrison Supermarkets (LON:MRW) had its price target lowered by Credit Suisse Group from GBX 250 ($3.39) to GBX 230 ($3.12) in a research report sent to investors on Monday. Credit Suisse Group currently has a neutral rating on the grocer’s stock.
A number of other research analysts have also recently issued reports on MRW. Deutsche Bank reaffirmed a hold rating and issued a GBX 260 ($3.53) target price on shares of WM Morrison Supermarkets in a report on Thursday, September 28th. Berenberg Bank started coverage on shares of WM Morrison Supermarkets in a report on Tuesday, October 3rd. They issued a sell rating and a GBX 200 ($2.71) target price for the company. Jefferies Group reaffirmed a hold rating and issued a GBX 250 ($3.39) target price on shares of WM Morrison Supermarkets in a report on Monday, October 23rd. Shore Capital reaffirmed a house stock rating on shares of WM Morrison Supermarkets in a report on Thursday, November 2nd. Finally, Beaufort Securities dropped their target price on shares of WM Morrison Supermarkets from GBX 260 ($3.53) to GBX 250 ($3.39) and set a buy rating for the company in a report on Friday, November 3rd. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 229.12 ($3.11).
Shares of WM Morrison Supermarkets (MRW) traded down GBX 0.40 ($0.01) during trading on Monday, reaching GBX 228.80 ($3.10). 6,470,813 shares of the company’s stock were exchanged, compared to its average volume of 9,040,000. WM Morrison Supermarkets has a 12 month low of GBX 205 ($2.78) and a 12 month high of GBX 254.40 ($3.45). The stock has a market capitalization of $5,370.00 and a PE ratio of 1,525.33.
WM Morrison Supermarkets 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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