Barclays PLC Increases WM Morrison Supermarkets PLC (MRW) Price Target to GBX 190
WM Morrison Supermarkets PLC (LON:MRW) had its price objective increased by investment analysts at Barclays PLC from GBX 165 ($2.15) to GBX 190 ($2.48) in a report released on Friday. The firm currently has a ” underweight” rating on the grocer’s stock. Barclays PLC’s price objective suggests a potential downside of 11.63% from the stock’s current price.
MRW has been the topic of a number of other research reports. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 165 ($2.15) target price on shares of WM Morrison Supermarkets PLC in a research note on Thursday, September 8th. Jefferies Group reaffirmed a “buy” rating and set a GBX 210 ($2.74) target price on shares of WM Morrison Supermarkets PLC in a research note on Monday, September 5th. Shore Capital reaffirmed a “house stock” rating on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, August 31st. BNP Paribas reaffirmed an “underperform” rating and set a GBX 165 ($2.15) target price on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, September 14th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of WM Morrison Supermarkets PLC in a research note on Friday. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 180.82 ($2.36).
Shares of WM Morrison Supermarkets PLC (LON:MRW) opened at 213.60 on Friday. The company’s market capitalization is GBX 4.97 billion. WM Morrison Supermarkets PLC has a 12 month low of GBX 138.60 and a 12 month high of GBX 217.10. The firm has a 50-day moving average of GBX 194.38 and a 200-day moving average of GBX 191.88.
The business also recently disclosed a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, September 29th will be issued a dividend of GBX 1.58 ($0.02) per share. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 0.76%.
About WM Morrison Supermarkets PLC
Wm Morrison Supermarkets PLC is a United Kingdom-based supermarket group. The Company is a fresh food manufacturer in the United Kingdom. The Company owns, operates and controls its fresh food supply chain. The Company’s Market Street stores include butchers, fishmongers, bakery, cake shops, greengrocers, delis, oven fresh products, Fresh to Go products, flower shops and cafes.
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