WM Morrison Supermarkets PLC (MRW) Research Coverage Started at Berenberg Bank
Berenberg Bank started coverage on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research note published on Tuesday. The firm issued a sell rating and a GBX 200 ($2.65) price target on the grocer’s stock.
Other equities research analysts also recently issued research reports about the company. Morgan Stanley raised their target price on WM Morrison Supermarkets PLC from GBX 170 ($2.25) to GBX 210 ($2.79) and gave the company an underweight rating in a report on Wednesday, September 20th. Deutsche Bank AG reissued a hold rating and issued a GBX 260 ($3.45) target price on shares of WM Morrison Supermarkets PLC in a report on Thursday, September 28th. HSBC Holdings plc reissued a reduce rating and issued a GBX 190 ($2.52) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday, July 26th. Barclays PLC reissued an underweight rating and issued a GBX 240 ($3.18) target price on shares of WM Morrison Supermarkets PLC in a report on Monday, June 19th. Finally, Citigroup Inc. reissued a sell rating and issued a GBX 210 ($2.79) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday, September 20th. Eight research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. WM Morrison Supermarkets PLC has a consensus rating of Hold and a consensus price target of GBX 228.18 ($3.03).
WM Morrison Supermarkets PLC (MRW) opened at 231.30 on Tuesday. The firm’s market capitalization is GBX 5.39 billion. The firm’s 50-day moving average is GBX 241.22 and its 200-day moving average is GBX 241.33. WM Morrison Supermarkets PLC has a 52-week low of GBX 210.20 and a 52-week high of GBX 254.40.
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The company also recently announced a dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, September 28th will be paid a GBX 1.66 ($0.02) dividend. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 28th.
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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