WM Morrison Supermarkets Receives Neutral Rating from BNP Paribas (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a report issued on Wednesday, American Banking News reports. They currently have a GBX 305 ($4.89) price objective on the stock. BNP Paribas’ target price would indicate a potential upside of 6.05% from the company’s current price.
A number of other analysts have also recently weighed in on MRW. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note to investors on Wednesday. They now have a GBX 245 ($3.92) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note to investors on Monday. They now have a GBX 306 ($4.90) price target on the stock. Finally, 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, September 19th. They now have a GBX 360 ($5.77) price target on the stock, up previously from GBX 310 ($4.97).
Fifteen research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average target price of GBX 269.12 ($4.31).
WM Morrison Supermarkets (LON:MRW) opened at 284.90 on Wednesday. WM Morrison Supermarkets has a 1-year low of GBX 247.50 and a 1-year high of GBX 320.289. 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 £6.622 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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