WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They currently have a GBX 200 ($2.61) price objective on the grocer’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 6.89% from the company’s previous close.

Several other research firms have also commented on MRW. Barclays PLC increased their price target on shares of WM Morrison Supermarkets PLC from GBX 165 ($2.15) to GBX 190 ($2.48) and gave the company a ” underweight” rating in a research report on Friday, September 16th. HSBC restated a “reduce” rating and set a GBX 135 ($1.76) target price on shares of WM Morrison Supermarkets PLC in a research report on Friday, September 16th. Societe Generale raised their target price on shares of WM Morrison Supermarkets PLC from GBX 150 ($1.96) to GBX 170 ($2.22) and gave the stock a “sell” rating in a research report on Friday, September 16th. BNP Paribas upgraded shares of WM Morrison Supermarkets PLC to a “neutral” rating and raised their target price for the stock from GBX 165 ($2.15) to GBX 200 ($2.61) in a research report on Friday, September 16th. Finally, Beaufort Securities restated a “hold” rating on shares of WM Morrison Supermarkets PLC in a research report on Friday, September 16th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. WM Morrison Supermarkets PLC currently has an average rating of “Hold” and an average target price of GBX 180.82 ($2.36).

Shares of WM Morrison Supermarkets PLC (LON:MRW) opened at 214.90 on Monday. The stock’s market cap is GBX 5.01 billion. The stock’s 50 day moving average price is GBX 194.93 and its 200-day moving average price is GBX 191.94. WM Morrison Supermarkets PLC has a 52-week low of GBX 138.60 and a 52-week high of GBX 217.10.

The business also recently disclosed a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, September 29th will be issued a dividend of GBX 1.58 ($0.02) per share. This represents a yield of 0.76%. The ex-dividend date is Thursday, September 29th.

About WM Morrison Supermarkets PLC

Wm Morrison Supermarkets PLC is a United Kingdom-based supermarket group. The Company is a fresh food manufacturer in the United Kingdom. The Company owns, operates and controls its fresh food supply chain. The Company’s Market Street stores include butchers, fishmongers, bakery, cake shops, greengrocers, delis, oven fresh products, Fresh to Go products, flower shops and cafes.

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