HSBC Holdings plc restated their reduce rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research note released on Wednesday. The brokerage currently has a GBX 190 ($2.48) target price on the grocer’s stock.
Several other brokerages have also commented on MRW. Deutsche Bank AG restated a hold rating and set a GBX 225 ($2.94) price target on shares of WM Morrison Supermarkets PLC in a research note on Friday, July 7th. Barclays PLC restated an underweight rating and set a GBX 240 ($3.13) price target on shares of WM Morrison Supermarkets PLC in a research note on Monday, June 19th. Credit Suisse Group increased their price target on shares of WM Morrison Supermarkets PLC from GBX 230 ($3.00) to GBX 240 ($3.13) and gave the stock a neutral rating in a research note on Friday, May 26th. J P Morgan Chase & Co restated a neutral rating and set a GBX 260 ($3.40) price target on shares of WM Morrison Supermarkets PLC in a research note on Friday, May 5th. Finally, Beaufort Securities restated a buy rating and set a GBX 260 ($3.40) price target on shares of WM Morrison Supermarkets PLC in a research note on Friday, May 5th. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. WM Morrison Supermarkets PLC has a consensus rating of Hold and an average price target of GBX 215.88 ($2.82).
Shares of WM Morrison Supermarkets PLC (LON:MRW) traded up 0.44% during mid-day trading on Wednesday, reaching GBX 249.50. 5,439,099 shares of the company were exchanged. The firm’s 50-day moving average is GBX 243.45 and its 200-day moving average is GBX 240.56. The company’s market capitalization is GBX 5.81 billion. WM Morrison Supermarkets PLC has a 12 month low of GBX 176.10 and a 12 month high of GBX 251.10.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/07/20/wm-morrison-supermarkets-plc-mrw-earns-reduce-rating-from-hsbc-holdings-plc.html.
About WM Morrison Supermarkets PLC
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.
Receive News & Ratings for WM Morrison Supermarkets PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Morrison Supermarkets PLC and related companies with MarketBeat.com's FREE daily email newsletter.
