WM Morrison Supermarkets Rating Reiterated by Cantor Fitzgerald (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “sell” rating reiterated by research analysts at Cantor Fitzgerald in a report released on Friday, American Banking & Market News reports. They currently have a GBX 229 ($3.66) price objective on the stock. Cantor Fitzgerald’s price objective suggests a potential downside of 19.22% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue reiterated a “reduce” rating on shares of WM Morrison Supermarkets in a research note to investors on Thursday, October 10th. They now have a GBX 271 ($4.33) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday, October 9th. They now have a GBX 280 ($4.47) price target on the stock. Fifteen equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. WM Morrison Supermarkets presently has an average rating of “Sell” and a consensus price target of GBX 268.86 ($4.29).
WM Morrison Supermarkets (LON:MRW) opened at 283.00 on Friday. WM Morrison Supermarkets has a 1-year low of GBX 247.50 and a 1-year high of GBX 320.289. The stock’s 50-day moving average is GBX 291.0 and its 200-day moving average is GBX 280.2. The company’s market cap is £6.578 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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