WM Morrison Supermarkets (LON:MRW) had its price target reduced by UBS Group from GBX 290 ($3.79) to GBX 285 ($3.72) in a research note published on Wednesday, www.digitallook.com reports. They currently have a buy rating on the grocer’s stock.
Several other equities research analysts also recently issued reports on the company. Goldman Sachs Group dropped their price objective on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 235 ($3.07) and set a neutral rating on the stock in a report on Monday, January 7th. Jefferies Financial Group lowered their price target on WM Morrison Supermarkets from GBX 280 ($3.66) to GBX 265 ($3.46) and set a buy rating for the company in a report on Friday, January 4th. HSBC lowered their price target on WM Morrison Supermarkets from GBX 300 ($3.92) to GBX 240 ($3.14) and set a buy rating for the company in a report on Friday, January 4th. Sanford C. Bernstein boosted their price target on WM Morrison Supermarkets from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the company an outperform rating in a report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. lowered their price target on WM Morrison Supermarkets from GBX 260 ($3.40) to GBX 240 ($3.14) and set a neutral rating for the company in a report on Wednesday, November 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 246.82 ($3.23).
MRW stock opened at GBX 220.50 ($2.88) on Wednesday. WM Morrison Supermarkets has a 52-week low of GBX 205 ($2.68) and a 52-week high of GBX 254.40 ($3.32).
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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