WM Morrison Supermarkets PLC (LON:MRW) had its target price boosted by equities research analysts at Credit Suisse Group AG from GBX 180 ($2.35) to GBX 200 ($2.61) in a note issued to investors on Monday. The firm presently has a “neutral” rating on the grocer’s stock. Credit Suisse Group AG’s price target suggests a potential downside of 8.51% from the company’s previous close.
MRW has been the subject of a number of other research reports. Shore Capital reiterated a “house stock” rating on shares of WM Morrison Supermarkets PLC in a research note on Monday, July 18th. Deutsche Bank AG upgraded WM Morrison Supermarkets PLC to a “hold” rating and lifted their price objective for the company from GBX 165 ($2.15) to GBX 200 ($2.61) in a research note on Monday, September 19th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 180 ($2.35) price objective on shares of WM Morrison Supermarkets PLC in a research note on Monday, June 27th. BNP Paribas reiterated an “underperform” rating and set a GBX 125 ($1.63) price objective on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, June 1st. Finally, Societe Generale reiterated a “sell” rating and set a GBX 150 ($1.96) price objective on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, August 10th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. WM Morrison Supermarkets PLC presently has an average rating of “Hold” and an average target price of GBX 182 ($2.38).
WM Morrison Supermarkets PLC (LON:MRW) opened at 219.70 on Monday. The company’s market cap is GBX 5.12 billion. WM Morrison Supermarkets PLC has a 1-year low of GBX 138.60 and a 1-year high of GBX 219.90. The stock’s 50 day moving average price is GBX 199.77 and its 200 day moving average price is GBX 192.45.
The company also recently announced a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, September 29th will be given a GBX 1.58 ($0.02) dividend. This represents a yield of 0.76%. The ex-dividend date is Thursday, September 29th.
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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