Shares of WM Morrison Supermarkets PLC (LON:MRW) shot up 0.5% on Wednesday . The stock traded as high as GBX 246.20 ($3.18) and last traded at GBX 245 ($3.16). 6,706,343 shares were traded during trading, a decline of 7% from the average session volume of 7,247,990 shares. The stock had previously closed at GBX 243.70 ($3.15).
Several research firms recently weighed in on MRW. Deutsche Bank AG reissued a “hold” rating and set a GBX 225 ($2.91) price target on shares of WM Morrison Supermarkets PLC in a report on Wednesday, June 7th. HSBC Holdings plc raised WM Morrison Supermarkets PLC to a “hold” rating and lifted their price target for the stock from GBX 190 ($2.45) to GBX 240 ($3.10) in a report on Wednesday, August 2nd. Credit Suisse Group reissued a “neutral” rating and set a GBX 240 ($3.10) price target on shares of WM Morrison Supermarkets PLC in a report on Tuesday, August 29th. Barclays PLC lifted their price target on WM Morrison Supermarkets PLC from GBX 205 ($2.65) to GBX 220 ($2.84) and gave the stock an “underweight” rating in a report on Friday, September 1st. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 270 ($3.49) price target on shares of WM Morrison Supermarkets PLC in a report on Wednesday. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. WM Morrison Supermarkets PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 220.56 ($2.85).
The stock’s market cap is GBX 5.70 billion. The firm has a 50 day moving average price of GBX 246.49 and a 200 day moving average price of GBX 242.05.
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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.
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