Societe Generale Reiterates Sell Rating for WM Morrison Supermarkets PLC (MRW)

WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “sell” rating reissued by stock analysts at Societe Generale in a report released on Friday. They currently have a GBX 170 ($2.20) price objective on the grocer’s stock. Societe Generale’s price objective would suggest a potential downside of 26.47% from the company’s current price.

Other analysts have also recently issued research reports about the company. HSBC Holdings plc upgraded WM Morrison Supermarkets PLC to a “hold” rating and increased their target price for the stock from GBX 190 ($2.45) to GBX 240 ($3.10) in a report on Wednesday, August 2nd. Deutsche Bank AG restated a “hold” rating and set a GBX 225 ($2.91) target price on shares of WM Morrison Supermarkets PLC in a report on Tuesday, August 1st. 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 stock a “neutral” rating in a report on Friday, May 26th. Finally, BNP Paribas restated an “outperform” rating and set a GBX 270 ($3.49) target price on shares of WM Morrison Supermarkets PLC in a report on Wednesday. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. WM Morrison Supermarkets PLC has a consensus rating of “Hold” and an average price target of GBX 225.27 ($2.91).

Shares of WM Morrison Supermarkets PLC (LON MRW) opened at 231.20 on Friday. The company has a 50-day moving average of GBX 245.92 and a 200 day moving average of GBX 241.90. The firm’s market cap is GBX 5.38 billion. WM Morrison Supermarkets PLC has a 12-month low of GBX 203.55 and a 12-month high of GBX 254.40.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/09/17/societe-generale-reiterates-sell-rating-for-wm-morrison-supermarkets-plc-mrw.html.

WM Morrison Supermarkets PLC Company Profile

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)

Receive News & Ratings for WM Morrison Supermarkets PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Morrison Supermarkets PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply