WM Morrison Supermarkets PLC (MRW) Earns Neutral Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reaffirmed their neutral rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research note released on Friday morning. They currently have a GBX 260 ($3.36) target price on the grocer’s stock.
Several other brokerages have also issued reports on MRW. Deutsche Bank AG reissued a hold rating and set a GBX 225 ($2.91) price objective on shares of WM Morrison Supermarkets PLC in a report on Wednesday, June 28th. HSBC Holdings plc reissued a hold rating on shares of WM Morrison Supermarkets PLC in a report on Wednesday, September 6th. BNP Paribas reissued an outperform rating and set a GBX 270 ($3.49) price objective on shares of WM Morrison Supermarkets PLC in a report on Wednesday, September 13th. Finally, Barclays PLC reissued an underweight rating and set a GBX 240 ($3.10) price objective on shares of WM Morrison Supermarkets PLC in a report on Monday, June 19th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 225.27 ($2.91).
Shares of WM Morrison Supermarkets PLC (LON MRW) opened at 230.40 on Friday. The company’s market capitalization is GBX 5.36 billion. WM Morrison Supermarkets PLC has a 12 month low of GBX 203.55 and a 12 month high of GBX 254.40. The stock has a 50 day moving average price of GBX 245.92 and a 200-day moving average price of GBX 241.90.
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The business also recently disclosed a dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, September 28th will be paid a dividend of GBX 1.66 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a dividend yield of 0.72%.
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.
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