UBS Group Reaffirms Buy Rating for WM Morrison Supermarkets (MRW)

UBS Group reiterated their buy rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note issued to investors on Wednesday morning, investing.thisismoney.co.uk reports. They currently have a GBX 295 ($3.85) price target on the grocer’s stock, down from their previous price target of GBX 300 ($3.92).

Several other analysts have also recently commented on the stock. Credit Suisse Group upgraded shares of WM Morrison Supermarkets to an outperform rating and upped their target price for the company from GBX 255 ($3.33) to GBX 285 ($3.72) in a research report on Wednesday, October 3rd. JPMorgan Chase & Co. upped their target price on shares of WM Morrison Supermarkets from GBX 215 ($2.81) to GBX 240 ($3.14) and gave the company a neutral rating in a research report on Friday, August 31st. Deutsche Bank upped their target price on shares of WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the company a hold rating in a research report on Tuesday, August 28th. HSBC reiterated a hold rating on shares of WM Morrison Supermarkets in a research report on Monday, August 13th. Finally, Berenberg Bank dropped their target price on shares of WM Morrison Supermarkets from GBX 250 ($3.27) to GBX 210 ($2.74) and set a hold rating for the company in a research report on Monday, September 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. WM Morrison Supermarkets currently has an average rating of Hold and a consensus target price of GBX 250.42 ($3.27).

Shares of WM Morrison Supermarkets stock traded up GBX 2.30 ($0.03) on Wednesday, hitting GBX 251.35 ($3.28). 8,903,353 shares of the company’s stock traded hands, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a one year low of GBX 205 ($2.68) and a one year high of GBX 254.40 ($3.32).

The company also recently disclosed a dividend, which was paid on Monday, November 5th. Investors of record on Thursday, September 27th were given a GBX 3.85 ($0.05) dividend. This represents a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, September 27th.

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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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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