WM Morrison Supermarkets Given Sell Rating at Deutsche Bank (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “sell” rating reiterated by stock analysts at Deutsche Bank in a report issued on Monday, Stock Ratings Network reports. They currently have a GBX 250 ($4.04) price target on the stock, down from their previous price target of GBX 277 ($4.48). Deutsche Bank’s price target indicates a potential downside of 11.19% from the company’s current price.
WM Morrison Supermarkets (LON:MRW) traded down 1.37% on Monday, hitting GBX 281.50. The stock had a trading volume of 3,621,472 shares. WM Morrison Supermarkets has a 52-week low of GBX 247.50 and a 52-week high of GBX 745.00. The stock has a 50-day moving average of GBX 283.1 and a 200-day moving average of GBX 282.1. The company’s market cap is £6.543 billion.
A number of other firms have also recently commented on MRW. 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. Separately, 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 ($4.38) price target on the stock. Finally, 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 ($4.53) price target on the stock. Sixteen research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Sell” and a consensus price target of GBX 269.39 ($4.36).
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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