WM Morrison Supermarkets (MRW) Receives “Buy” Rating from HSBC

HSBC reiterated their buy rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note published on Wednesday. They currently have a GBX 300 ($3.92) price objective on the grocer’s stock.

MRW has been the topic of a number of other reports. Jefferies Financial Group restated a buy rating and set a GBX 275 ($3.59) price objective on shares of WM Morrison Supermarkets in a research report on Tuesday, August 21st. UBS Group restated a buy rating on shares of WM Morrison Supermarkets in a research report on Tuesday, August 28th. Barclays boosted their price objective on WM Morrison Supermarkets from GBX 205 ($2.68) to GBX 225 ($2.94) and gave the company an underweight rating in a research report on Friday, September 14th. JPMorgan Chase & Co. boosted their price objective on WM Morrison Supermarkets from GBX 215 ($2.81) to GBX 240 ($3.14) and gave the company a neutral rating in a research report on Friday, August 31st. Finally, Credit Suisse Group upgraded WM Morrison Supermarkets to an outperform rating and boosted their price objective for the company from GBX 255 ($3.33) to GBX 285 ($3.72) in a research report on Wednesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 250.42 ($3.27).

Shares of MRW traded up GBX 3.40 ($0.04) on Wednesday, reaching GBX 249.05 ($3.25). 9,548,209 shares of the stock traded hands, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a 12 month low of GBX 205 ($2.68) and a 12 month high of GBX 254.40 ($3.32).

The business also recently declared a dividend, which was paid on Monday, November 5th. Shareholders of record on Thursday, September 27th were given a GBX 3.85 ($0.05) dividend. This represents a yield of 1.48%. The ex-dividend date was Thursday, September 27th.

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.

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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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