WM Morrison Supermarkets PLC (MRW) Price Target Cut to GBX 215 by Analysts at Barclays PLC
WM Morrison Supermarkets PLC (LON:MRW) had its price objective lowered by Barclays PLC from GBX 220 ($2.84) to GBX 215 ($2.78) in a research report released on Friday. The brokerage currently has an underweight rating on the grocer’s stock.
Several other analysts have also issued reports on MRW. Credit Suisse Group boosted their price target on WM Morrison Supermarkets PLC from GBX 230 ($2.97) to GBX 240 ($3.10) and gave the company a neutral rating in a report on Friday, May 26th. 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. Finally, HSBC Holdings plc cut their price target on WM Morrison Supermarkets PLC from GBX 200 ($2.58) to GBX 190 ($2.45) and set a reduce rating for the company in a report on Tuesday, June 20th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. WM Morrison Supermarkets PLC currently has an average rating of Hold and an average price target of GBX 225.27 ($2.91).
Shares of WM Morrison Supermarkets PLC (LON:MRW) traded down 0.52% during mid-day trading on Friday, reaching GBX 231.20. The company had a trading volume of 18,764,119 shares. The firm has a 50 day moving average of GBX 245.92 and a 200-day moving average of GBX 241.90. WM Morrison Supermarkets PLC has a one year low of GBX 203.55 and a one year high of GBX 254.40. The stock’s market capitalization is GBX 5.38 billion.
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WM Morrison Supermarkets PLC Company Profile
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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