WM Morrison Supermarkets PLC (MRWSY) Given $16.60 Consensus Price Target by Brokerages

WM Morrison Supermarkets PLC (NASDAQ:MRWSY) has received a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, one has given a hold recommendation and one has issued a strong buy recommendation on the company. WM Morrison Supermarkets PLC’s rating score has declined by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price target of $16.60 for the company, according to Zacks. Zacks has also given WM Morrison Supermarkets PLC an industry rank of 89 out of 265 based on the ratings given to related companies.

A number of brokerages have weighed in on MRWSY. Zacks Investment Research upgraded WM Morrison Supermarkets PLC from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Wednesday, September 13th. Berenberg Bank assumed coverage on WM Morrison Supermarkets PLC in a research note on Tuesday, October 3rd. They issued a “sell” rating on the stock. Finally, HSBC Holdings plc upgraded WM Morrison Supermarkets PLC from a “reduce” rating to a “hold” rating in a report on Wednesday, August 2nd.

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Shares of WM Morrison Supermarkets PLC (NASDAQ MRWSY) traded down $0.45 during mid-day trading on Friday, hitting $14.36. The stock had a trading volume of 84,939 shares.

WM Morrison Supermarkets PLC Company Profile

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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