Analysts at HSBC Reconfirmed their Past ‘”Reduce”’ rating on Shares Morrison Supermarkets (LON:MRW), Set a GBX 190.00 Target Price per Share

June 20, 2017 - By Richard Conner

Morrison Supermarkets (LON:MRW) Rating Reaffirmed

They currently have a GBX 190.00 TP on Morrison Supermarkets (LON:MRW). The target price by HSBC would suggest a potential downside of -23.91 % from the company’s last stock close price. This has been disclosed to clients in analysts note on Tuesday, 20 June.

WM Morrison Supermarkets PLC (LON:MRW) Ratings Coverage

Among 21 analysts covering Morrison Wm Supermarkets PLC (LON:MRW), 3 have Buy rating, 9 Sell and 9 Hold. Therefore 14% are positive. Morrison Wm Supermarkets PLC has GBX 260 highest and GBX 125 lowest target. GBX 211.38’s average target is -14.59% below currents GBX 247.5 stock price. Morrison Wm Supermarkets PLC had 221 analyst reports since July 29, 2015 according to SRatingsIntel. BNP Paribas maintained it with “Neutral” rating and GBX 235 target in Tuesday, March 21 report. BNP Paribas maintained the stock with “Neutral” rating in Monday, October 17 report. As per Wednesday, December 9, the company rating was upgraded by HSBC. The stock has “Add” rating by AlphaValue on Thursday, December 24. The stock of WM Morrison Supermarkets PLC (LON:MRW) has “Underweight” rating given on Wednesday, September 14 by Barclays Capital. Beaufort Securities maintained the shares of MRW in report on Friday, May 5 with “Buy” rating. The stock has “Buy” rating by Jefferies on Thursday, October 29. Barclays Capital maintained it with “Underweight” rating and GBX 190 target in Friday, September 16 report. As per Thursday, February 25, the company rating was maintained by HSBC. Deutsche Bank maintained it with “Hold” rating and GBX 225 target in Tuesday, May 9 report.

The stock increased 1.23% or GBX 3 on June 20, reaching GBX 247.5. About 14.03M shares traded or 64.67% up from the average. WM Morrison Supermarkets PLC (LON:MRW) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The company has market cap of 5.78 billion GBP. The Firm offers products, such as Free From, World Foods, Food To Go and Nutmeg clothing. It has a 19.14 P/E ratio. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers.

More recent WM Morrison Supermarkets PLC (LON:MRW) news were published by: Seekingalpha.com which released: “WM Morrison Supermarkets’ (MRWSF) CEO David Potts on Q1 2017 Results …” on May 08, 2017. Also Seekingalpha.com published the news titled: “WM Morrison Supermarkets’ (MRWSF) CEO David Potts on Q2 2017 Results …” on March 09, 2017. Reuters.com‘s news article titled: “BRIEF-Wm Morrison Supermarkets announces tender offers” with publication date: January 16, 2017 was also an interesting one.

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