Barclays PLC Boosts WM Morrison Supermarkets PLC (LON:MRW) Price Target to GBX 220

WM Morrison Supermarkets PLC (LON:MRW) had its target price boosted by Barclays PLC from GBX 205 ($2.65) to GBX 220 ($2.84) in a report published on Friday, September 1st. The firm currently has an underweight rating on the grocer’s stock.

Several other equities analysts have also weighed in on MRW. Deutsche Bank AG reissued a hold rating and issued a GBX 225 ($2.91) target price on shares of WM Morrison Supermarkets PLC in a research note on Thursday, May 4th. Shore Capital reissued a house stock rating on shares of WM Morrison Supermarkets PLC in a research note on Thursday, May 4th. Beaufort Securities reissued a buy rating and issued a GBX 260 ($3.36) target price on shares of WM Morrison Supermarkets PLC in a research note on Friday, May 5th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 260 ($3.36) target price on shares of WM Morrison Supermarkets PLC in a research note on Friday, May 5th. Finally, Credit Suisse Group increased their target price on WM Morrison Supermarkets PLC from GBX 230 ($2.97) to GBX 240 ($3.10) and gave the company a neutral rating in a research note on Friday, May 26th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. WM Morrison Supermarkets PLC presently has a consensus rating of Hold and a consensus target price of GBX 225.27 ($2.91).

WM Morrison Supermarkets PLC (LON:MRW) traded down 0.52% during mid-day trading on Friday, reaching GBX 231.20. 18,764,119 shares of the company traded hands. The stock’s market capitalization is GBX 5.38 billion. The firm’s 50-day moving average is GBX 245.92 and its 200 day moving average is GBX 241.90. WM Morrison Supermarkets PLC has a 52-week low of GBX 203.55 and a 52-week high of GBX 254.40.

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About WM Morrison Supermarkets PLC

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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