UBS Group reissued their buy rating on shares of WM Morrison Supermarkets (LON:MRW) in a research report released on Wednesday morning, investing.thisismoney.co.uk 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).
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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