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Societe Generale disclosed Morrison Wm Supermarkets PLC (LON:MRW), boosting its stock price target to 170.00GBX today

Yesterday Morrison Wm Supermarkets PLC (LON:MRW) traded 1.39% higher at 210.95GBX. Morrison Wm Supermarkets PLC’s 50-day average is 192.66GBX and its 200-day moving average is 191.80GBX. With the last stock price up 10.01% relative to the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. 4,840,239 shares of Morrison Wm Supermarkets PLC exchanged hands, down from ann avg. trading volume of 12,092,000.

In a statement issued on Friday September 16 2016 Societe Generale upped the target price of Morrison Wm Supermarkets PLC (LON:MRW) from 150GBX to 170GBX indicating a possible downsideof -0.19%.

Previously on 9/14/2016, Morgan Stanley released a statement on Morrison Wm Supermarkets PLC(LON:MRW) bumped the target price from 165.00GBX to 170.00GBX. At the time, this suggested a downside of -0.12%.

Recent Performance Chart:

Morrison Wm Supermarkets PLC (LON:MRW)

In addition to Societe Generale reporting it’s price target, a total of 16 equity analysts have released a ratings update on the company. The 12-month target is 175.94GBX with one firm rating the company a strong buy, 0 rating the company a buy, nine firms rating the stock a hold, seven brokerages rating the stock to underperform, and lastly three analysts rating the company as sell.

Morrison Wm Supermarkets PLC has a 52 week low of 138.60GBX and a one-year high of 211.50GBX with a P/E ratio of 22. The company’s market capitalization is currently 0.0 GBX.

General Company Details For 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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