WM Morrison Supermarkets PLC (MRW) Rating Increased to Hold at Deutsche Bank AG
Deutsche Bank AG upgraded shares of WM Morrison Supermarkets PLC (LON:MRW) to a hold rating in a report issued on Monday morning. They currently have GBX 200 ($2.61) price objective on the grocer’s stock, up from their previous price objective of GBX 165 ($2.15).
MRW has been the subject of a number of other reports. Goldman Sachs Group Inc. downgraded WM Morrison Supermarkets PLC to a sell rating and lowered their price objective for the stock from GBX 180 ($2.35) to GBX 175 ($2.28) in a research note on Thursday, September 1st. Morgan Stanley upped their price objective on WM Morrison Supermarkets PLC from GBX 165 ($2.15) to GBX 170 ($2.22) and gave the stock an underweight rating in a research note on Wednesday, September 14th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 200 ($2.61) price objective on shares of WM Morrison Supermarkets PLC in a research note on Thursday, September 8th. Barclays PLC restated an underweight rating and set a GBX 165 ($2.15) price objective on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, September 14th. Finally, Societe Generale restated a sell rating on shares of WM Morrison Supermarkets PLC in a research note on Tuesday, June 28th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. WM Morrison Supermarkets PLC presently has an average rating of Hold and a consensus price target of GBX 180.82 ($2.36).
WM Morrison Supermarkets PLC (LON:MRW) opened at 217.90 on Monday. The stock’s 50 day moving average price is GBX 196.96 and its 200 day moving average price is GBX 192.18. The firm’s market cap is GBX 5.08 billion. WM Morrison Supermarkets PLC has a 1-year low of GBX 138.60 and a 1-year high of GBX 219.90.
The firm also recently disclosed a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, September 29th will be given a GBX 1.58 ($0.02) dividend. The ex-dividend date is Thursday, September 29th. This represents a yield of 0.76%.
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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