WM Morrison Supermarkets PLC (MRW) Receives Sell Rating from Societe Generale

Societe Generale restated their sell rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a report released on Friday morning. Societe Generale currently has a GBX 170 ($2.20) target price on the grocer’s stock.

Other equities research analysts also recently issued reports about the stock. HSBC Holdings plc reissued a hold rating and set a GBX 240 ($3.10) price target on shares of WM Morrison Supermarkets PLC in a research note on Friday. Deutsche Bank AG reissued a hold rating and set a GBX 225 ($2.91) price target on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, July 26th. Barclays PLC decreased their price objective on shares of WM Morrison Supermarkets PLC from GBX 220 ($2.84) to GBX 215 ($2.78) and set an underweight rating for the company in a report on Friday. Finally, BNP Paribas restated an outperform rating and set a GBX 270 ($3.49) price objective on shares of WM Morrison Supermarkets PLC in a report on Wednesday. Six equities 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 stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 225.27 ($2.91).

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

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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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