WM Morrison Supermarkets (MRW) Earns Buy Rating from UBS Group

UBS Group restated their buy rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note issued to investors on Friday, investing.thisismoney.co.uk reports.

Other equities analysts have also issued research reports about the company. HSBC reissued a hold rating on shares of WM Morrison Supermarkets in a research note on Monday, August 13th. Barclays reaffirmed an underweight rating and issued a GBX 210 ($2.74) price target on shares of WM Morrison Supermarkets in a research report on Wednesday, August 29th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 275 ($3.58) price target on shares of WM Morrison Supermarkets in a research report on Tuesday, August 21st. JPMorgan Chase & Co. increased their price target on WM Morrison Supermarkets from GBX 215 ($2.80) to GBX 240 ($3.13) and gave the company a neutral rating in a research report on Friday, August 31st. Finally, Sanford C. Bernstein raised WM Morrison Supermarkets to an outperform rating and set a GBX 255 ($3.32) price target on the stock in a research report on Tuesday, May 22nd. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 244 ($3.18).

MRW opened at GBX 257.40 ($3.35) on Friday. WM Morrison Supermarkets has a 12-month low of GBX 205 ($2.67) and a 12-month high of GBX 254.40 ($3.31).

The business also recently declared a dividend, which will be paid on Monday, November 5th. Shareholders of record on Thursday, September 27th will be given a GBX 3.85 ($0.05) dividend. This represents a yield of 1.48%. The ex-dividend date is 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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