Published On: Fri, Sep 16th, 2016

WM Morrison Supermarkets PLC (MRW) Price Target Raised to GBX 170 at Societe Generale

WM Morrison Supermarkets PLC (LON:MRW) had its target price upped by equities research analysts at Societe Generale from GBX 150 ($2.00) to GBX 170 ($2.26) in a research report issued to clients and investors on Friday. The firm presently has a “sell” rating on the grocer’s stock. Societe Generale’s price objective would indicate a potential downside of 18.31% from the stock’s current price.
Several other equities analysts have also recently commented on MRW. BNP Paribas reaffirmed an “underperform” rating and set a GBX 125 ($1.66) price objective on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, June 1st. Jefferies Group reaffirmed a “buy” rating and set a GBX 210 ($2.80) price objective on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, June 1st. HSBC reaffirmed a “reduce” rating and set a GBX 135 ($1.80) price objective on shares of WM Morrison Supermarkets PLC in a research note on Friday. Barclays PLC reaffirmed an “underweight” rating and set a GBX 155 ($2.06) price objective on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, June 1st. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of WM Morrison Supermarkets PLC in a research note on Friday. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 177.29 ($2.36).
WM Morrison Supermarkets PLC (LON:MRW) opened at 210.536 on Friday. The company’s market cap is GBX 4.90 billion. The stock’s 50 day moving average is GBX 192.66 and its 200 day moving average is GBX 191.80. WM Morrison Supermarkets PLC has a 1-year low of GBX 138.60 and a 1-year high of GBX 211.85.

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The business also recently disclosed a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, September 29th will be issued a GBX 1.58 ($0.02) dividend. The ex-dividend date is Thursday, September 29th. This represents a yield of 0.76%.
WM Morrison Supermarkets PLC Company Profile
Wm Morrison Supermarkets PLC is a United Kingdom-based supermarket group. The Company is a fresh food manufacturer in the United Kingdom. The Company owns, operates and controls its fresh food supply chain. The Company’s Market Street stores include butchers, fishmongers, bakery, cake shops, greengrocers, delis, oven fresh products, Fresh to Go products, flower shops and cafes.

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