WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “neutral” rating reissued by analysts at BNP Paribas in a note issued to investors on Thursday. They presently have a GBX 200 ($2.61) price objective on the grocer’s stock. BNP Paribas’ price target points to a potential downside of 8.21% from the company’s current price.
Several other equities research analysts have also recently weighed in on MRW. Jefferies Group reaffirmed a “buy” rating and issued a GBX 210 ($2.74) price target on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, June 1st. Barclays PLC reissued an “underweight” rating and issued a GBX 155 ($2.02) target price on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, June 1st. HSBC reissued a “hold” rating and issued a GBX 190 ($2.48) target price on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, June 1st. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 180 ($2.35) target price on shares of WM Morrison Supermarkets PLC in a research note on Monday, June 27th. Finally, Societe Generale increased their target price on 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 182 ($2.38).
Shares of WM Morrison Supermarkets PLC (LON:MRW) opened at 219.80 on Thursday. WM Morrison Supermarkets PLC has a 52-week low of GBX 138.60 and a 52-week high of GBX 220.70. The firm’s market cap is GBX 5.12 billion. The company has a 50-day moving average of GBX 202.07 and a 200 day moving average of GBX 192.95.
The company also recently declared a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, September 29th will be issued a dividend of GBX 1.58 ($0.02) per share. 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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