HSBC Holdings plc reiterated their reduce rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research note released on Wednesday. HSBC Holdings plc currently has a GBX 190 ($2.48) price target on the grocer’s stock.

Several other research analysts have also recently issued reports on MRW. UBS AG increased their target price on shares of WM Morrison Supermarkets PLC from GBX 207 ($2.70) to GBX 240 ($3.13) and gave the stock a neutral rating in a report on Friday, April 7th. Deutsche Bank AG reiterated a hold rating and set a GBX 225 ($2.93) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday. Macquarie increased their target price on shares of WM Morrison Supermarkets PLC from GBX 215 ($2.80) to GBX 225 ($2.93) and gave the stock a neutral rating in a report on Friday, April 7th. Credit Suisse Group increased their target price on shares of WM Morrison Supermarkets PLC from GBX 200 ($2.61) to GBX 230 ($3.00) and gave the stock a neutral rating in a report on Monday, April 3rd. Finally, J P Morgan Chase & Co reiterated a neutral rating and set a GBX 260 ($3.39) target price on shares of WM Morrison Supermarkets PLC in a report on Friday, May 5th. Eight research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 215.88 ($2.81).

WM Morrison Supermarkets PLC (MRW) opened at 240.60 on Wednesday. The company’s 50-day moving average is GBX 243.43 and its 200-day moving average is GBX 241.09. The stock’s market capitalization is GBX 5.60 billion. WM Morrison Supermarkets PLC has a 12 month low of GBX 177.60 and a 12 month high of GBX 251.90.

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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.

Analyst Recommendations for WM Morrison Supermarkets PLC (LON:MRW)

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