WM Morrison Supermarkets Given “Underweight” Rating at JPMorgan Chase & Co. (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “underweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday, Stock Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of WM Morrison Supermarkets in a research note to investors on Tuesday, October 22nd. They now have a GBX 310 ($5.01) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of WM Morrison Supermarkets in a research note to investors on Monday, October 21st. They now have a GBX 250 ($4.04) price target on the stock, down previously from GBX 277 ($4.48). Finally, analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of WM Morrison Supermarkets in a research note to investors on Friday, October 18th. They now have a GBX 229 ($3.70) price target on the stock. Sixteen equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Sell” and a consensus target price of GBX 269.39 ($4.36).
Shares of WM Morrison Supermarkets (LON:MRW) traded down 0.11% during mid-day trading on Wednesday, hitting GBX 282.00. The stock had a trading volume of 5,629,419 shares. WM Morrison Supermarkets has a 52 week low of GBX 247.50 and a 52 week high of GBX 312.30. The stock’s 50-day moving average is GBX 286.1 and its 200-day moving average is GBX 281.7. The company’s market cap is £6.555 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.