WM Morrison Supermarkets PLC (MRW) Earns “Neutral” Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their neutral rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research report report published on Monday. They currently have a GBX 200 ($2.61) target price on the grocer’s stock.
Other analysts have also issued reports about the stock. Shore Capital reaffirmed a house stock rating on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, August 17th. BNP Paribas reaffirmed an underperform rating and issued a GBX 145 ($1.89) price target on shares of WM Morrison Supermarkets PLC in a research note on Friday, August 5th. Deutsche Bank AG reaffirmed a sell rating on shares of WM Morrison Supermarkets PLC in a research note on Friday, June 24th. HSBC reaffirmed a reduce rating and issued a GBX 135 ($1.76) price target on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, August 10th. Finally, Societe Generale upped their price target on shares of WM Morrison Supermarkets PLC from GBX 150 ($1.96) to GBX 170 ($2.22) and gave the stock a sell rating in a research note on Friday, September 16th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. WM Morrison Supermarkets PLC has an average rating of Hold and a consensus target price of GBX 180.82 ($2.36).
Shares of WM Morrison Supermarkets PLC (LON:MRW) opened at 219.30 on Monday. The stock’s market capitalization is GBX 5.11 billion. The firm has a 50-day moving average of GBX 195.91 and a 200 day moving average of GBX 192.00. WM Morrison Supermarkets PLC has a 1-year low of GBX 138.60 and a 1-year high of GBX 219.50.
The business also recently disclosed a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, September 29th will be given a GBX 1.58 ($0.02) dividend. This represents a yield of 0.76%. The ex-dividend date is Thursday, September 29th.
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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