WM Morrison Supermarkets Receives Neutral Rating from Bank of America Corp. (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “neutral” rating restated by stock analysts at Bank of America Corp. in a report issued on Monday, AnalystRatings.Net reports. They currently have a GBX 306 ($4.90) price objective on the stock. Bank of America Corp.’s price target would suggest a potential upside of 5.77% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura upgraded shares of WM Morrison Supermarkets (LON:MRW) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a GBX 360 ($5.77) price target on the stock, up previously from GBX 310 ($4.97). Separately, analysts at Citigroup Inc. downgraded shares of WM Morrison Supermarkets (LON:MRW) to a “sell” rating in a research note to investors on Friday, September 13th. They now have a GBX 280 ($4.49) price target 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 Friday, September 13th. They now have a GBX 300 ($4.81) price target on the stock.
Fifteen investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. WM Morrison Supermarkets has an average rating of “Sell” and an average target price of GBX 270.21 ($4.33).
Shares of WM Morrison Supermarkets (LON:MRW) traded up 0.24% during mid-day trading on Monday, hitting GBX 289.30. The stock had a trading volume of 3,834,314 shares. 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 291.0 and a 200-day moving average of GBX 280.2. The company’s market cap is £6.724 billion.
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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