WM Morrison Supermarkets (LON:MRW) had its target price lowered by Barclays from GBX 215 ($3.02) to GBX 205 ($2.88) in a research report issued to clients and investors on Thursday, March 15th. The firm presently has an “underweight” rating on the grocer’s stock. Barclays’ price objective would suggest a potential downside of 8.52% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Deutsche Bank reaffirmed a “hold” rating on shares of WM Morrison Supermarkets in a research note on Monday, January 8th. Beaufort Securities reissued a “buy” rating and issued a GBX 250 ($3.51) price target on shares of WM Morrison Supermarkets in a research note on Wednesday, January 10th. Credit Suisse Group cut their target price on shares of WM Morrison Supermarkets from GBX 250 ($3.51) to GBX 230 ($3.23) and set a “neutral” rating on the stock in a research note on Monday, January 22nd. Berenberg Bank reaffirmed a “sell” rating and set a GBX 200 ($2.81) target price on shares of WM Morrison Supermarkets in a research note on Friday, November 24th. Finally, Goldman Sachs reiterated a “neutral” rating on shares of WM Morrison Supermarkets in a report on Thursday, January 4th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. WM Morrison Supermarkets currently has a consensus rating of “Hold” and a consensus target price of GBX 229.41 ($3.22).
Shares of LON MRW traded down GBX 0.70 ($0.01) during trading on Thursday, hitting GBX 224.10 ($3.15). The company had a trading volume of 9,771,535 shares, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a fifty-two week low of GBX 205 ($2.88) and a fifty-two week high of GBX 254.40 ($3.57).
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WM Morrison Supermarkets 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.
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