Morrison Supermarkets (LON:MRW) Falls into Favor With HSBC As They Decide to Upgrade Shares

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Morrison Supermarkets (LON:MRW) Stock Upgrade

Shares of Morrison Supermarkets (LON:MRW) stock were upgraded to a Hold by expert analysts at HSBC, who now have a target set at GBX 150.00 on MRW. This target is 4.90% from MRW’s current share price.

From a total of 18 analysts covering Morrison Wm Supermarkets PLC (LON:MRW) stock, 5 rate it a ”Buy”, 9 a “Sell”, and 8 a ”Hold”. This means that 23% of the ratings are positive. The highest target price is GBX 260 while the lowest target price is GBX 130. The mean of all analyst targets is GBX 178.72 with a 23.78% above today’s (GBX 142.01) stock price. Morrison Wm Supermarkets PLC was the topic of 57 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 7 with “Underperform” rating. Citigroup maintained shares with “Buy” rating and GBX 145 target share price in a report from a November 17. UBS maintained MRW stock in a recent report from November 18 with “Neutral” rating. Barclays Capital maintained the rating on November 9. Barclays Capital has a “Underweight” rating and a GBX 155 price target on shares. Finally, Deutsche Bank maintained the stock with “Sell” rating in a report issued on a November 18.

The stock decreased 1.65% or GBX 2.39 on December 9, striking GBX 142.01. Approximately 12.28 million shares of stock traded hands or 43.63% up from the average. WM Morrison Supermarkets PLC (LON:MRW) has declined 20.31% since May 12, 2015 and is downtrending. It has underperformed by 19.51% the S&P500.

 Morrison Supermarkets (LON:MRW) Falls into Favor With HSBC As They Decide to Upgrade Shares

Wm Morrison Supermarkets PLC is a United Kingdom supermarket group. The company has a market cap of 3.33 billion GBP. The Firm is a fresh food maker in the United Kingdom. It currently has negative earnings. The Firm owns, operates and controls its fresh food supply chain.

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