The WM Morrison Supermarkets PLC (MRW) Stock Rating Reaffirmed by BNP Paribas

The WM Morrison Supermarkets PLC (MRW) Stock Rating Reaffirmed by BNP Paribas

BNP Paribas restated their neutral rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a report released on Friday morning. They currently have a GBX 200 ($2.48) target price on the grocer’s stock.

Several other equities research analysts have also issued reports on the stock. Credit Suisse Group AG increased their target price on shares of WM Morrison Supermarkets PLC from GBX 180 ($2.23) to GBX 200 ($2.48) and gave the stock a neutral rating in a report on Monday, September 26th. Deutsche Bank AG raised shares of WM Morrison Supermarkets PLC to a hold rating and increased their target price for the stock from GBX 165 ($2.04) to GBX 200 ($2.48) in a report on Monday, September 19th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 200 ($2.48) price objective on shares of WM Morrison Supermarkets PLC in a report on Monday, September 19th. Barclays PLC increased their price objective on shares of WM Morrison Supermarkets PLC from GBX 165 ($2.04) to GBX 190 ($2.35) and gave the company a  underweight rating in a report on Friday, September 16th. Finally, Societe Generale increased their price objective on shares of WM Morrison Supermarkets PLC from GBX 150 ($1.86) to GBX 170 ($2.10) and gave the company a sell rating in a report on Friday, September 16th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 182 ($2.25).

Shares of WM Morrison Supermarkets PLC (LON:MRW) opened at 219.10 on Friday. The stock has a 50 day moving average of GBX 208.09 and a 200-day moving average of GBX 193.94. The company’s market capitalization is GBX 5.11 billion. WM Morrison Supermarkets PLC has a one year low of GBX 138.60 and a one year high of GBX 227.10.

The business also recently announced a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, September 29th will be paid a GBX 1.58 ($0.02) dividend. The ex-dividend date is Thursday, September 29th. This represents a yield of 0.76%.

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