WM Morrison Supermarkets (MRW) Stock Rating Reaffirmed by HSBC

HSBC reaffirmed their hold rating on shares of WM Morrison Supermarkets (LON:MRW) in a research report sent to investors on Monday morning.

MRW has been the topic of several other reports. Barclays reissued an underweight rating on shares of WM Morrison Supermarkets in a research report on Monday, May 14th. Sanford C. Bernstein raised WM Morrison Supermarkets to an outperform rating and set a GBX 255 ($3.25) price target on the stock in a research report on Tuesday, May 22nd. BNP Paribas downgraded WM Morrison Supermarkets to a sell rating in a research report on Monday, April 30th. Credit Suisse Group raised their price target on WM Morrison Supermarkets from GBX 235 ($3.00) to GBX 255 ($3.25) and gave the company a neutral rating in a research report on Thursday, May 10th. Finally, UBS Group raised WM Morrison Supermarkets to a buy rating and raised their price target for the company from GBX 225 ($2.87) to GBX 300 ($3.83) in a research report on Monday, July 30th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 236.47 ($3.02).

WM Morrison Supermarkets stock opened at GBX 262.90 ($3.35) on Monday. WM Morrison Supermarkets has a one year low of GBX 205 ($2.62) and a one year high of GBX 254.40 ($3.25).

About WM Morrison Supermarkets

Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.

Further Reading: Closed-End Mutual Funds (CEFs)

Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

Receive News & Ratings for WM Morrison Supermarkets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Morrison Supermarkets and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply