UBS Group Lowers WM Morrison Supermarkets (MRW) Price Target to GBX 285
WM Morrison Supermarkets (LON:MRW) had its target price cut by UBS Group from GBX 290 ($3.79) to GBX 285 ($3.72) in a note issued to investors on Wednesday, www.digitallook.com reports. The brokerage presently has a “buy” rating on the grocer’s stock. UBS Group’s price objective would indicate a potential upside of 30.35% from the stock’s previous close.
A number of other analysts have also weighed in on MRW. Jefferies Financial Group dropped their price objective on WM Morrison Supermarkets from GBX 280 ($3.66) to GBX 265 ($3.46) and set a “buy” rating for the company in a research note on Friday, January 4th. HSBC dropped their price objective on WM Morrison Supermarkets from GBX 300 ($3.92) to GBX 240 ($3.14) and set a “buy” rating for the company in a research note on Friday, January 4th. Goldman Sachs Group dropped their price target on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 235 ($3.07) and set a “neutral” rating for the company in a research note on Monday. Citigroup reaffirmed a “sell” rating and issued a GBX 210 ($2.74) price target on shares of WM Morrison Supermarkets in a research note on Wednesday, October 31st. Finally, Barclays raised their price target on WM Morrison Supermarkets from GBX 205 ($2.68) to GBX 225 ($2.94) and gave the stock an “underweight” rating in a research note on Friday, September 14th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. WM Morrison Supermarkets presently has an average rating of “Hold” and an average price target of GBX 246.82 ($3.23).
LON:MRW opened at GBX 218.65 ($2.86) on Wednesday. WM Morrison Supermarkets has a fifty-two week low of GBX 205 ($2.68) and a fifty-two week high of GBX 254.40 ($3.32).
Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.
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