WM Morrison Supermarkets PLC (MRW) Receives “Underweight” Rating from Barclays PLC

Barclays PLC reiterated their underweight rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a report issued on Monday. Barclays PLC currently has a GBX 240 ($3.06) price target on the grocer’s stock.

A number of other equities analysts have also recently weighed in on MRW. Jefferies Group LLC reissued a hold rating and issued a GBX 250 ($3.19) price objective on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, February 22nd. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 260 ($3.31) price objective on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, March 8th. Macquarie upped 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. Deutsche Bank AG reissued a hold rating and issued a GBX 225 ($2.87) price objective on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, June 7th. Finally, BNP Paribas reissued a neutral rating and issued a GBX 235 ($2.99) price objective on shares of WM Morrison Supermarkets PLC in a research report on Friday, March 17th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 214.27 ($2.73).

WM Morrison Supermarkets PLC (LON MRW) traded up 1.15% during mid-day trading on Monday, reaching GBX 247.30. The company’s stock had a trading volume of 6,122,533 shares. The stock’s 50 day moving average price is GBX 243.37 and its 200 day moving average price is GBX 237.92. WM Morrison Supermarkets PLC has a 1-year low of GBX 168.50 and a 1-year high of GBX 250.00. The stock’s market capitalization is GBX 5.75 billion.

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WM Morrison Supermarkets PLC Company Profile

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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