WM Morrison Supermarkets PLC (MRW) Given New GBX 235 Price Target at Deutsche Bank AG
WM Morrison Supermarkets PLC (LON:MRW) had its price target boosted by Deutsche Bank AG from GBX 225 ($2.91) to GBX 235 ($3.04) in a report released on Tuesday. The brokerage currently has a hold rating on the grocer’s stock.
A number of other analysts also recently commented on the company. Barclays PLC reaffirmed an underweight rating and set a GBX 205 ($2.65) price target on shares of WM Morrison Supermarkets PLC in a research report on Monday, May 22nd. Credit Suisse Group increased their price target on WM Morrison Supermarkets PLC from GBX 230 ($2.97) to GBX 240 ($3.10) and gave the company a neutral rating in a research report on Friday, May 26th. HSBC Holdings plc decreased their price target on WM Morrison Supermarkets PLC from GBX 200 ($2.59) to GBX 190 ($2.46) and set a reduce rating for the company in a research report on Tuesday, June 20th. Shore Capital reaffirmed a house stock rating on shares of WM Morrison Supermarkets PLC in a research report on Thursday, May 4th. Finally, Beaufort Securities reaffirmed a buy rating and set a GBX 260 ($3.36) price target on shares of WM Morrison Supermarkets PLC in a research report on Friday, May 5th. Seven equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. WM Morrison Supermarkets PLC presently has an average rating of Hold and an average target price of GBX 219.63 ($2.84).
Shares of WM Morrison Supermarkets PLC (LON MRW) opened at 244.80 on Tuesday. The company’s market capitalization is GBX 5.70 billion. WM Morrison Supermarkets PLC has a 52-week low of GBX 188.60 and a 52-week high of GBX 254.40. The stock has a 50 day moving average price of GBX 246.49 and a 200 day moving average price of GBX 242.25.
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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.
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