WM Morrison Supermarkets (LON:MRW) had its price objective cut by JPMorgan Chase & Co. from GBX 260 ($3.40) to GBX 240 ($3.14) in a research report report published on Wednesday morning. They currently have a neutral rating on the grocer’s stock.

MRW has been the topic of a number of other research reports. Citigroup reissued a sell rating and issued a GBX 210 ($2.74) target price on shares of WM Morrison Supermarkets in a report on Wednesday, October 31st. HSBC raised WM Morrison Supermarkets to a buy rating and upped their price objective for the stock from GBX 240 ($3.14) to GBX 300 ($3.92) in a report on Monday, September 10th. Deutsche Bank upped their price objective on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the stock a hold rating in a report on Tuesday, August 28th. Barclays upped their price objective on WM Morrison Supermarkets from GBX 205 ($2.68) to GBX 225 ($2.94) and gave the stock an underweight rating in a report on Friday, September 14th. Finally, UBS Group reaffirmed a buy rating on shares of WM Morrison Supermarkets in a report on Tuesday, August 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 250.42 ($3.27).

Shares of LON:MRW traded up GBX 2.30 ($0.03) during trading on Wednesday, reaching GBX 251.35 ($3.28). The company had a trading volume of 8,903,353 shares, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a fifty-two week low of GBX 205 ($2.68) and a fifty-two week high of GBX 254.40 ($3.32).

The firm also recently disclosed a dividend, which was paid on Monday, November 5th. Investors of record on Thursday, September 27th were issued a dividend of GBX 3.85 ($0.05) per share. This represents a yield of 1.48%. The ex-dividend date was Thursday, September 27th.

About WM Morrison Supermarkets

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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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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