WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “sell” rating reaffirmed by equities research analysts at Societe Generale in a note issued to investors on Wednesday. They currently have a GBX 170 ($2.11) price objective on the grocer’s stock. Societe Generale’s price objective points to a potential downside of 21.70% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. Goldman Sachs Group Inc. lifted their target price on WM Morrison Supermarkets PLC from GBX 175 ($2.17) to GBX 180 ($2.23) and gave the company a “sell” rating in a research report on Wednesday, October 26th. BNP Paribas reissued a “neutral” rating and issued a GBX 200 ($2.48) target price on shares of WM Morrison Supermarkets PLC in a research report on Friday, October 7th. Shore Capital reissued a “house stock” rating on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, August 17th. Deutsche Bank AG raised WM Morrison Supermarkets PLC to a “hold” rating and lifted their target price for the company from GBX 165 ($2.05) to GBX 200 ($2.48) in a research report on Monday, September 19th. Finally, HSBC reissued a “reduce” rating and issued a GBX 135 ($1.67) target price on shares of WM Morrison Supermarkets PLC in a research report on Friday, September 16th. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. WM Morrison Supermarkets PLC currently has a consensus rating of “Hold” and an average target price of GBX 185.56 ($2.30).
WM Morrison Supermarkets PLC (LON:MRW) traded down 0.59% during trading on Wednesday, hitting GBX 217.90. The stock had a trading volume of 7,080,253 shares. WM Morrison Supermarkets PLC has a 12 month low of GBX 138.60 and a 12 month high of GBX 230.30. The firm has a 50 day moving average of GBX 221.13 and a 200-day moving average of GBX 200.01. The stock’s market cap is GBX 5.08 billion.
The firm also recently disclosed a dividend, which was paid on Monday, November 7th. Investors of record on Thursday, September 29th were given a dividend of GBX 1.58 ($0.02) per share. The ex-dividend date was Thursday, September 29th. This represents a dividend yield of 0.76%.