WM Morrison Supermarkets (MRW) PT Raised to GBX 225 at Barclays
WM Morrison Supermarkets (LON:MRW) had its target price increased by equities researchers at Barclays from GBX 205 ($2.67) to GBX 225 ($2.93) in a research note issued to investors on Friday. The firm currently has an “underweight” rating on the grocer’s stock. Barclays’ price target indicates a potential downside of 12.59% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. HSBC upgraded shares of WM Morrison Supermarkets to a “buy” rating and increased their target price for the stock from GBX 240 ($3.13) to GBX 300 ($3.91) in a research note on Monday, September 10th. UBS Group reiterated a “buy” rating on shares of WM Morrison Supermarkets in a research note on Tuesday, August 28th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 275 ($3.58) target price on shares of WM Morrison Supermarkets in a research note on Tuesday, August 21st. Deutsche Bank increased their target price on shares of WM Morrison Supermarkets from GBX 240 ($3.13) to GBX 250 ($3.26) and gave the stock a “hold” rating in a research note on Tuesday, August 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of WM Morrison Supermarkets from GBX 215 ($2.80) to GBX 240 ($3.13) and gave the stock a “neutral” rating in a research note on Friday, August 31st. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 244 ($3.18).
LON MRW opened at GBX 257.40 ($3.35) on Friday. WM Morrison Supermarkets has a 1 year low of GBX 205 ($2.67) and a 1 year high of GBX 254.40 ($3.31).
Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.
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