HSBC Holdings plc Cuts WM Morrison Supermarkets PLC (MRW) Price Target to GBX 190

WM Morrison Supermarkets PLC (LON:MRW) had its target price lowered by stock analysts at HSBC Holdings plc from GBX 200 ($2.55) to GBX 190 ($2.42) in a research report issued to clients and investors on Tuesday. The firm presently has a “reduce” rating on the grocer’s stock. HSBC Holdings plc’s price target would indicate a potential downside of 22.29% from the company’s current price.

MRW has been the topic of several other reports. Deutsche Bank AG increased their price objective on shares of WM Morrison Supermarkets PLC from GBX 210 ($2.68) to GBX 225 ($2.87) and gave the company a “hold” rating in a research report on Thursday, March 23rd. Macquarie increased their price objective on shares of WM Morrison Supermarkets PLC from GBX 215 ($2.74) to GBX 225 ($2.87) and gave the company a “neutral” rating in a research report on Friday, April 7th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a GBX 190 ($2.42) price objective on shares of WM Morrison Supermarkets PLC in a research report on Monday, April 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 250 ($3.19) price target on shares of WM Morrison Supermarkets PLC in a research report on Tuesday, April 25th. Finally, Credit Suisse Group raised their price target on shares of WM Morrison Supermarkets PLC from GBX 230 ($2.93) to GBX 240 ($3.06) and gave the stock a “neutral” rating in a research report on Friday, May 26th. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. WM Morrison Supermarkets PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 214.27 ($2.73).

Analyst Recommendations for WM Morrison Supermarkets PLC (LON:MRW)

WM Morrison Supermarkets PLC (MRW) opened at 244.50 on Tuesday. WM Morrison Supermarkets PLC has a 12-month low of GBX 168.50 and a 12-month high of GBX 250.00. The company’s market cap is GBX 5.69 billion. The stock’s 50 day moving average is GBX 243.37 and its 200 day moving average is GBX 237.92.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:MRW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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