WM Morrison Supermarkets Stock Rating Reaffirmed by Grupo Santander (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “hold” rating restated by equities researchers at Grupo Santander in a research report issued on Wednesday, StockRatingsNetwork reports. They currently have a GBX 300 ($4.85) price target on the stock. Grupo Santander’s target price would indicate a potential upside of 4.71% from the company’s current price.
A number of other analysts have also recently weighed in on MRW. Analysts at Deutsche Bank reiterated a “sell” rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday. They now have a GBX 250 ($4.04) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday, October 23rd. They now have a GBX 310 ($5.02) 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, October 23rd. Sixteen investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Sell” and an average target price of GBX 269.39 ($4.36).
WM Morrison Supermarkets (LON:MRW) opened at 285.40 on Wednesday. WM Morrison Supermarkets has a 1-year low of GBX 247.50 and a 1-year 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 £6.634 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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