JPMorgan Chase & Co. Trims WM Morrison Supermarkets (MRW) Target Price to GBX 240
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).
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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