WM Morrison Supermarkets PLC’s (LON:MRW) “Hold” Rating Reiterated at Deutsche Bank AG

Deutsche Bank AG reissued their hold rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research report released on Wednesday, October 18th. The firm currently has a GBX 260 ($3.43) target price on the grocer’s stock.

MRW has been the topic of several other reports. Barclays PLC lifted their target price on WM Morrison Supermarkets PLC from GBX 205 ($2.71) to GBX 220 ($2.90) and gave the company an underweight rating in a research report on Friday, September 1st. HSBC Holdings plc raised WM Morrison Supermarkets PLC to a hold rating and lifted their target price for the company from GBX 190 ($2.51) to GBX 240 ($3.17) in a research report on Wednesday, August 2nd. Credit Suisse Group lifted their target price on WM Morrison Supermarkets PLC from GBX 240 ($3.17) to GBX 250 ($3.30) and gave the company a neutral rating in a research report on Monday, October 2nd. Berenberg Bank initiated coverage on WM Morrison Supermarkets PLC in a research report on Tuesday, October 3rd. They set a sell rating and a GBX 200 ($2.64) price objective for the company. Finally, Societe Generale reissued a sell rating and set a GBX 170 ($2.24) price objective on shares of WM Morrison Supermarkets PLC in a research report on Friday, September 15th. Eight investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. WM Morrison Supermarkets PLC presently has an average rating of Hold and a consensus price target of GBX 228.18 ($3.01).

Shares of WM Morrison Supermarkets PLC (MRW) opened at 231.20 on Wednesday. The company’s market capitalization is GBX 5.39 billion. WM Morrison Supermarkets PLC has a 12 month low of GBX 210.20 and a 12 month high of GBX 254.40. The firm has a 50-day moving average of GBX 235.79 and a 200-day moving average of GBX 241.11.

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The firm also recently disclosed a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, September 28th will be given a GBX 1.66 ($0.02) dividend. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 28th.

WM Morrison Supermarkets PLC Company Profile

Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company offers products, such as Free From, World Foods, Food To Go and Nutmeg clothing. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers.

Analyst Recommendations for WM Morrison Supermarkets PLC (LON:MRW)

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