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).
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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