WM Morrison Supermarkets Stock Rating Reaffirmed by AlphaValue (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “reduce” rating restated by research analysts at AlphaValue in a report released on Thursday, Analyst Ratings Network reports. They currently have a GBX 271 ($4.35) price target on the stock. AlphaValue’s target price suggests a potential downside of 1.24% from the company’s current price.
Shares of WM Morrison Supermarkets (LON:MRW) traded up 0.22% on Thursday, hitting GBX 275.00. 4,629,915 shares of the company’s stock traded hands. WM Morrison Supermarkets has a 52-week low of GBX 247.50 and a 52-week 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 £6.392 billion.
A number of other analysts have also recently weighed in on MRW. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday. They now have a GBX 280 ($4.49) 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. WM Morrison Supermarkets currently has a consensus rating of “Sell” and a consensus target price of GBX 268.86 ($4.31).
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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