UBS Group reiterated their buy rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note published on Wednesday, investing.thisismoney.co.uk reports. They currently have a GBX 295 ($3.85) price objective on the grocer’s stock, down from their prior price objective of GBX 300 ($3.92).
Several other brokerages have also issued reports on MRW. Jefferies Financial Group reiterated a buy rating and issued a GBX 275 ($3.59) price target on shares of WM Morrison Supermarkets in a research note on Tuesday, August 21st. Deutsche Bank lifted their price target on shares of WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the company a hold rating in a research note on Tuesday, August 28th. Barclays reiterated an underweight rating and issued a GBX 210 ($2.74) price target on shares of WM Morrison Supermarkets in a research note on Wednesday, August 29th. HSBC upgraded shares of WM Morrison Supermarkets to a buy rating and lifted their price target for the company from GBX 240 ($3.14) to GBX 300 ($3.92) in a research note on Monday, September 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of WM Morrison Supermarkets from GBX 215 ($2.81) to GBX 240 ($3.14) and gave the company a neutral rating in a research note on Friday, August 31st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 250.42 ($3.27).
Shares of MRW stock opened at GBX 251.35 ($3.28) on Wednesday. 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 company also recently disclosed a dividend, which was paid on Monday, November 5th. Stockholders of record on Thursday, September 27th were paid a dividend of GBX 3.85 ($0.05) per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a dividend yield of 1.48%.
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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