WM Morrison Supermarkets Stock Rating Reaffirmed by BNP Paribas (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “neutral” rating reiterated by equities research analysts at BNP Paribas in a research note issued to investors on Tuesday, Analyst Ratings Network reports. They currently have a GBX 280 ($4.38) target price on the stock. BNP Paribas’ price target suggests a potential downside of 4.01% from the stock’s previous close.
WM Morrison Supermarkets (LON:MRW) opened at 295.20 on Tuesday. WM Morrison Supermarkets has a 52 week low of GBX 247.50 and a 52 week high of GBX 745.00. The stock has a 50-day moving average of GBX 289.1 and a 200-day moving average of GBX 278.4. The company’s market cap is £6.912 billion.
A number of other analysts have also recently weighed in on MRW. Analysts at Santander reiterated a “hold” rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note to investors on Friday. They now have a GBX 300 ($4.69) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of WM Morrison Supermarkets (LON:MRW) from GBX 255 ($3.99) to GBX 277 ($4.33) in a research note to investors on Thursday, September 5th. They now have a “hold” rating on the stock. Finally, analysts at Grupo Santander reiterated a “hold” rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note to investors on Tuesday, September 3rd. They now have a GBX 300 ($4.69) price target on the stock.
Thirteen investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 268.51 ($4.20).
Wm Morrison Supermarkets PLC is a food retailer. As of January 29, 2012, the Company had 475 stores across Britain, ranging in size from 3,000 to over 40,000 square feet.
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