WM Morrison Supermarkets’s Sell Rating Reaffirmed at Citigroup Inc. (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “sell” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 280 ($4.49) price objective on the stock. Citigroup Inc.’s target price suggests a potential upside of 2.15% from the company’s current price.
WM Morrison Supermarkets (LON:MRW) traded down 0.11% on Wednesday, hitting GBX 273.80. 1,850,653 shares of the company’s stock traded hands. 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 £6.364 billion.
A number of other analysts have also recently weighed in on MRW. Analysts at AlphaValue reiterated a “reduce” rating on shares of WM Morrison Supermarkets in a research note to investors on Thursday, September 26th. They now have a GBX 275 ($4.41) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday, September 25th. They now have a GBX 305 ($4.89) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday, September 25th. They now have a GBX 245 ($3.93) price target on the stock. Fifteen equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. WM Morrison Supermarkets has an average rating of “Sell” and a consensus target price of GBX 269.03 ($4.32).
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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