WM Morrison Supermarkets PLC (LON:MRW) declared a dividend on Thursday, September 15th. Stockholders of record on Thursday, September 29th will be given a dividend of GBX 1.58 ($0.02) per share by the grocer on Monday, November 7th. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, September 29th. The official announcement can be viewed at this link.
WM Morrison Supermarkets PLC (LON:MRW) opened at 218.60 on Wednesday. The stock has a 50 day moving average of GBX 199.77 and a 200 day moving average of GBX 192.45. The stock’s market capitalization is GBX 5.10 billion. WM Morrison Supermarkets PLC has a 52-week low of GBX 138.60 and a 52-week high of GBX 219.90.
Several research analysts recently issued reports on the stock. Goldman Sachs Group Inc. downgraded shares of WM Morrison Supermarkets PLC to a “sell” rating and reduced their price target for the stock from GBX 180 ($2.35) to GBX 175 ($2.28) in a research report on Thursday, September 1st. Deutsche Bank AG reiterated a “sell” rating on shares of WM Morrison Supermarkets PLC in a research report on Friday, June 24th. Morgan Stanley upped their price target on shares of WM Morrison Supermarkets PLC from GBX 165 ($2.15) to GBX 170 ($2.22) and gave the stock an “underweight” rating in a research report on Wednesday, September 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 200 ($2.61) price target on shares of WM Morrison Supermarkets PLC in a research report on Thursday, September 8th. Finally, Barclays PLC reiterated an “underweight” rating and set a GBX 165 ($2.15) price target on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, September 14th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 182 ($2.38).
About WM Morrison Supermarkets PLC
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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