WM Morrison Supermarkets PLC (LON:MRW) Upgraded at HSBC Holdings plc

HSBC Holdings plc upgraded shares of WM Morrison Supermarkets PLC (LON:MRW) to a hold rating in a research report sent to investors on Wednesday, August 2nd, MarketBeat.com reports. The brokerage currently has GBX 240 ($3.13) target price on the grocer’s stock, up from their prior target price of GBX 190 ($2.47).

A number of other equities analysts have also commented on the stock. Deutsche Bank AG reissued a hold rating and issued a GBX 225 ($2.93) price target on shares of WM Morrison Supermarkets PLC in a research report on Tuesday, August 1st. Barclays PLC reissued an underweight rating and issued a GBX 240 ($3.13) price target on shares of WM Morrison Supermarkets PLC in a research report on Monday, June 19th. Credit Suisse Group lifted their price target on shares of WM Morrison Supermarkets PLC from GBX 230 ($3.00) to GBX 240 ($3.13) and gave the company a neutral rating in a research report on Friday, May 26th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 260 ($3.39) price target on shares of WM Morrison Supermarkets PLC in a research report on Friday, May 5th. Finally, Beaufort Securities reissued a buy rating and issued a GBX 260 ($3.39) price target on shares of WM Morrison Supermarkets PLC in a research report on Friday, May 5th. Seven analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 219 ($2.85).

WM Morrison Supermarkets PLC (LON:MRW) opened at 247.00 on Wednesday. The company has a 50 day moving average price of GBX 244.22 and a 200 day moving average price of GBX 241.53. The firm’s market capitalization is GBX 5.75 billion. WM Morrison Supermarkets PLC has a 52-week low of GBX 187.40 and a 52-week high of GBX 251.90.

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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.

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