WM Morrison Supermarkets (MRW) Given New GBX 285 Price Target at UBS Group

WM Morrison Supermarkets (LON:MRW) had its price objective decreased by UBS Group from GBX 290 ($3.79) to GBX 285 ($3.72) in a report released on Wednesday, www.digitallook.com reports. The brokerage currently has a “buy” rating on the grocer’s stock. UBS Group’s price objective indicates a potential upside of 30.35% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group reduced their price target 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 price objective 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. Berenberg Bank reduced their price objective on WM Morrison Supermarkets from GBX 250 ($3.27) to GBX 210 ($2.74) and set a “hold” rating for the company in a report on Monday, September 17th. Goldman Sachs Group reduced their price objective on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 235 ($3.07) and set a “neutral” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on WM Morrison Supermarkets from GBX 260 ($3.40) to GBX 240 ($3.14) and set a “neutral” rating for the company in a report on Wednesday, November 7th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 246.82 ($3.23).

Shares of LON:MRW opened at GBX 218.65 ($2.86) on Wednesday. WM Morrison Supermarkets has a 1-year low of GBX 205 ($2.68) and a 1-year high of GBX 254.40 ($3.32).

WM Morrison Supermarkets Company Profile

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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