WM Morrison Supermarkets (LON:MRW)‘s stock had its “buy” rating restated by equities research analysts at UBS Group in a research report issued to clients and investors on Wednesday, investing.thisismoney.co.uk reports. They presently have a GBX 295 ($3.85) price target on the grocer’s stock, down from their previous price target of GBX 300 ($3.92). UBS Group’s target price would suggest a potential upside of 16.85% from the company’s current price.
A number of other equities analysts have also recently issued reports on MRW. Citigroup restated a “sell” rating and issued a GBX 210 ($2.74) target price on shares of WM Morrison Supermarkets in a report on Wednesday, October 31st. HSBC restated a “buy” rating and issued a GBX 300 ($3.92) target price on shares of WM Morrison Supermarkets in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on WM Morrison Supermarkets from GBX 260 ($3.40) to GBX 240 ($3.14) and set a “neutral” rating on the stock in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a GBX 275 ($3.59) target price on shares of WM Morrison Supermarkets in a report on Tuesday, August 21st. Finally, Barclays restated an “underweight” rating and issued a GBX 210 ($2.74) target price on shares of WM Morrison Supermarkets in a report on Wednesday, August 29th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 250.42 ($3.27).
Shares of LON MRW opened at GBX 252.45 ($3.30) on Wednesday. WM Morrison Supermarkets has a 52-week low of GBX 205 ($2.68) and a 52-week high of GBX 254.40 ($3.32).
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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