UBS Group Reaffirms Buy Rating for WM Morrison Supermarkets (MRW)

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UBS Group reissued their buy rating on shares of WM Morrison Supermarkets (LON:MRW) in a research report released on Wednesday morning, reports. They currently have a GBX 295 ($3.85) price target on the grocer’s stock, down from their prior price target of GBX 300 ($3.92).

A number of other research firms also recently weighed in on MRW. Jefferies Financial Group reaffirmed a buy rating and set a GBX 275 ($3.59) price objective on shares of WM Morrison Supermarkets in a report on Tuesday, August 21st. Deutsche Bank boosted their target price on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the stock a hold rating in a report on Tuesday, August 28th. Barclays reissued 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. HSBC raised WM Morrison Supermarkets to a buy rating and boosted their target price for the stock from GBX 240 ($3.14) to GBX 300 ($3.92) in a report on Monday, September 10th. Finally, JPMorgan Chase & Co. boosted their target price on WM Morrison Supermarkets from GBX 215 ($2.81) to GBX 240 ($3.14) and gave the stock a neutral rating in a report on Friday, August 31st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned 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).

LON MRW traded up GBX 2.30 ($0.03) during trading on Wednesday, reaching GBX 251.35 ($3.28). 8,903,353 shares of the company traded hands, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a 1-year low of GBX 205 ($2.68) and a 1-year high of GBX 254.40 ($3.32).

The firm also recently announced a dividend, which was paid on Monday, November 5th. Stockholders of record on Thursday, September 27th were issued a GBX 3.85 ($0.05) dividend. This represents a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, September 27th.

WM Morrison Supermarkets Company Profile

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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