WM Morrison Supermarkets PLC (MRW) Earns Reduce Rating from HSBC Holdings plc

HSBC Holdings plc reiterated their reduce rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research note released on Wednesday morning. HSBC Holdings plc currently has a GBX 190 ($2.48) price objective on the grocer’s stock.

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A number of other equities analysts have also issued reports on MRW. UBS AG increased their price objective on WM Morrison Supermarkets PLC from GBX 207 ($2.70) to GBX 240 ($3.13) and gave the stock a neutral rating in a report on Friday, April 7th. Deutsche Bank AG reissued a hold rating and issued a GBX 225 ($2.93) price objective on shares of WM Morrison Supermarkets PLC in a report on Wednesday. Macquarie increased their price objective on WM Morrison Supermarkets PLC from GBX 215 ($2.80) to GBX 225 ($2.93) and gave the stock a neutral rating in a report on Friday, April 7th. Credit Suisse Group increased their price objective on WM Morrison Supermarkets PLC from GBX 200 ($2.61) to GBX 230 ($3.00) and gave the stock a neutral rating in a report on Monday, April 3rd. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 260 ($3.39) price objective on shares of WM Morrison Supermarkets PLC in a report on Friday, May 5th. Eight analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. WM Morrison Supermarkets PLC has an average rating of Hold and a consensus target price of GBX 215.88 ($2.81).

WM Morrison Supermarkets PLC (LON:MRW) traded down 1.51% during mid-day trading on Wednesday, hitting GBX 240.60. The stock had a trading volume of 6,282,200 shares. The company has a 50-day moving average of GBX 243.43 and a 200-day moving average of GBX 241.09. The stock’s market cap is GBX 5.60 billion. WM Morrison Supermarkets PLC has a 12-month low of GBX 176.10 and a 12-month high of GBX 250.00.

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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.