A statement released earlier today by HSBC about Morrison Wm Supermarkets PLC (LON:MRW) maintains the target price at 135.00GBX
- Updated: September 16, 2016
Just yesterday Morrison Wm Supermarkets PLC (LON:MRW) traded 1.39% higher at 210.85GBX. The company’s 50-day average is 192.66GBX and its 200-day average is 191.80GBX. With the last stock price up 10.01% relative to the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same time. 4,840,239 shares of Morrison Wm Supermarkets PLC exchanged hands, down from ann average volume of 12,092,000.
Indicating a possible downside of -0.36%, HSBC held the target price of Morrison Wm Supermarkets PLC (LON:MRW) at 135GBX
On 9/14/2016, Morgan Stanley reported on Morrison Wm Supermarkets PLC(LON:MRW) upped the target price from 165.00GBX to 170.00GBX that indicated a possible downside of -0.12%.
In addition to HSBC reporting it’s price target, a total of 16 equity analysts have issued a research note on the stock. The one year target is 175.94GBX with one firm rating the stock a strong buy, 0 rating the stock a buy, nine firms rating the stock a hold, seven brokerages rating the company to underperform, and finally three brokerages rating the company as sell.
Morrison Wm Supermarkets PLC has a one-year low of 138.60GBX and a 52 week high of 211.50GBX with a PE ratio of 22 and has a market capitalization of 0.0 GBX.
Brief Synopsis About Morrison Wm Supermarkets PLC (LON:MRW)
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. Its Morrisons branded beef, lamb, pork, chicken, milk and eggs are sourced in the United Kingdom. The Company serves customers across the United Kingdom through approximately 500 stores and an online home delivery service. It operates from over 10 manufacturing sites across Britain. The Company operates over seven regional distribution centers and a national center servicing its supermarkets. Its subsidiaries include Bos Brothers Fruit and Vegetables B.V., Erith Pier Company Limited, Firsdell Limited, Kiddicare Properties Limited, MHE JV Co Limited, Neerock Farming Limited, Neerock Limited, and Rathbone Kear Limited and Wm Morrison Produce Limited.
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