Credit Suisse announced Morrison Wm Supermarkets PLC (LON:MRW), boosting its stock price target to 200.00GBX today
- Updated: September 25, 2016
Just yesterday Morrison Wm Supermarkets PLC (LON:MRW) traded 0.28% higher at 217.50GBX. Morrison Wm Supermarkets PLC’s 50-day moving average is 197.99GBX and its 200-day moving average is 192.36GBX. The last stock price is up 13.38% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 10,055,586 shares of MRW traded hands, down from an average trading volume of 11,984,700
In a report released on 9/26/2016 Credit Suisse increased the stock price target of Morrison Wm Supermarkets PLC (LON:MRW) from 180.00GBX to 200.00GBX reporting a possible downside of -0.08%.
Previously on Wednesday September 21, 2016, Deutsche Bank released a statement about Morrison Wm Supermarkets PLC (LON:MRW) held steady the target price at 200.00GBX. At the time, this indicated a possible downside of -0.07%.
Recent Performance Chart
Morrison Wm Supermarkets PLC has 52 week low of 138.60GBX and a 52 week high of 219.90GBX with a PE ratio of 22.72 and has a market capitalization of 0 GBX.
In addition to Credit Suisse reporting its stock price target, a total of 16 brokerages have issued a ratings update on the company. The average stock price target is 175.94GBX with 1 brokerage rating the stock a strong buy, 0 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 7 brokerages rating the stock a underperform, and finally 3 brokerages rating the stock a sell.
Brief Synopsis On 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, Rathbone Kear Limited and Wm Morrison Produce Limited.
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