WM Morrison Supermarkets PLC (MRW) Price Target Cut to GBX 250 by Analysts at Beaufort Securities
WM Morrison Supermarkets PLC (LON:MRW) had its target price reduced by investment analysts at Beaufort Securities from GBX 260 ($3.43) to GBX 250 ($3.30) in a research note issued on Friday. The brokerage presently has a “buy” rating on the grocer’s stock. Beaufort Securities’ price objective suggests a potential upside of 12.16% from the company’s previous close.
Other equities analysts have also issued reports about the stock. HSBC Holdings plc reiterated a “hold” rating on shares of WM Morrison Supermarkets PLC in a report on Wednesday, September 6th. Deutsche Bank AG lifted their target price on shares of WM Morrison Supermarkets PLC from GBX 225 ($2.97) to GBX 235 ($3.10) and gave the company a “hold” rating in a report on Tuesday, August 29th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a GBX 250 ($3.30) target price on shares of WM Morrison Supermarkets PLC in a report on Monday, October 23rd. Eight equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 227.59 ($3.00).
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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