WM Morrison Supermarkets PLC (MRW) Given “Hold” Rating at HSBC Holdings plc
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “hold” rating restated by equities researchers at HSBC Holdings plc in a note issued to investors on Friday. They currently have a GBX 240 ($3.17) price target on the grocer’s stock. HSBC Holdings plc’s target price points to a potential upside of 7.96% from the company’s current price.
MRW has been the subject of a number of other research reports. Barclays PLC lifted their price objective on WM Morrison Supermarkets PLC from GBX 205 ($2.71) to GBX 220 ($2.90) and gave the company an “underweight” rating in a research note on Friday, September 1st. Deutsche Bank AG lifted their price objective on WM Morrison Supermarkets PLC from GBX 225 ($2.97) to GBX 235 ($3.10) and gave the company a “hold” rating in a research note on Tuesday, August 29th. Credit Suisse Group lifted their price objective on WM Morrison Supermarkets PLC from GBX 240 ($3.17) to GBX 250 ($3.30) and gave the company a “neutral” rating in a research note on Monday, October 2nd. Berenberg Bank initiated coverage on WM Morrison Supermarkets PLC in a research note on Tuesday, October 3rd. They set a “sell” rating and a GBX 200 ($2.64) price objective for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and set a GBX 250 ($3.30) price objective on shares of WM Morrison Supermarkets PLC in a research note on Monday, October 23rd. Eight equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 227.59 ($3.00).
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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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