WM Morrison Supermarkets (MRW) Price Target Raised to GBX 225 at Barclays

WM Morrison Supermarkets (LON:MRW) had its price objective hoisted by Barclays from GBX 205 ($2.67) to GBX 225 ($2.93) in a report issued on Friday. The brokerage currently has an “underweight” rating on the grocer’s stock. Barclays’ target price points to a potential downside of 12.59% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. HSBC reiterated a “hold” rating on shares of WM Morrison Supermarkets in a research report on Monday, August 13th. UBS Group upgraded shares of WM Morrison Supermarkets to a “buy” rating and lifted their target price for the stock from GBX 225 ($2.93) to GBX 300 ($3.91) in a research report on Monday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 275 ($3.58) target price on shares of WM Morrison Supermarkets in a research report on Tuesday, August 21st. JPMorgan Chase & Co. lifted their target price on shares of WM Morrison Supermarkets from GBX 215 ($2.80) to GBX 240 ($3.13) and gave the stock a “neutral” rating in a research report on Friday, August 31st. Finally, Sanford C. Bernstein raised shares of WM Morrison Supermarkets to an “outperform” rating and set a GBX 255 ($3.32) price target on the stock in a report on Tuesday, May 22nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 244 ($3.18).

Shares of LON:MRW opened at GBX 257.40 ($3.35) on Friday. WM Morrison Supermarkets has a 52 week low of GBX 205 ($2.67) and a 52 week high of GBX 254.40 ($3.31).

About WM Morrison Supermarkets

Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.

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