Analysts Set WM Morrison Supermarkets PLC (MRW) Target Price at $256.36
Shares of WM Morrison Supermarkets PLC (LON:MRW) have received an average recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 256.36 ($3.35).
MRW has been the topic of a number of research analyst reports. UBS Group restated a “buy” rating on shares of WM Morrison Supermarkets in a report on Friday, September 14th. HSBC upgraded WM Morrison Supermarkets to a “buy” rating and boosted their price target for the company from GBX 240 ($3.14) to GBX 300 ($3.92) in a report on Monday, September 10th. Jefferies Financial Group restated a “buy” rating and set a GBX 275 ($3.59) price target on shares of WM Morrison Supermarkets in a report on Tuesday, August 21st. Berenberg Bank reduced their price target on WM Morrison Supermarkets from GBX 250 ($3.27) to GBX 210 ($2.74) and set a “hold” rating on the stock in a report on Monday, September 17th. Finally, Deutsche Bank boosted their price target on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the company a “hold” rating in a report on Tuesday, August 28th.
MRW opened at GBX 245.70 ($3.21) on Friday. WM Morrison Supermarkets has a 12 month low of GBX 205 ($2.68) and a 12 month 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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