Goldman Sachs Group Cuts WM Morrison Supermarkets (MRW) Price Target to GBX 235

WM Morrison Supermarkets (LON:MRW) had its price objective reduced by Goldman Sachs Group from GBX 240 ($3.14) to GBX 235 ($3.07) in a research report report published on Monday morning. They currently have a neutral rating on the grocer’s stock.

A number of other research analysts have also weighed in on the company. Jefferies Financial Group reduced their target price on WM Morrison Supermarkets from GBX 280 ($3.66) to GBX 265 ($3.46) and set a buy rating for the company in a report on Friday, January 4th. HSBC reduced their target price on WM Morrison Supermarkets from GBX 300 ($3.92) to GBX 240 ($3.14) and set a buy rating for the company in a report on Friday, January 4th. UBS Group reduced their target price on WM Morrison Supermarkets from GBX 295 ($3.85) to GBX 290 ($3.79) and set a buy rating for the company in a report on Wednesday, January 2nd. Sanford C. Bernstein lifted their target price on WM Morrison Supermarkets from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the company an outperform rating in a report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. dropped their price target on WM Morrison Supermarkets from GBX 260 ($3.40) to GBX 240 ($3.14) and set a neutral rating for the company in a research report on Wednesday, November 7th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 247.73 ($3.24).

MRW stock opened at GBX 218.65 ($2.86) on Monday. WM Morrison Supermarkets has a twelve month low of GBX 205 ($2.68) and a twelve month high of GBX 254.40 ($3.32).

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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