WM Morrison Supermarkets Stock Rating Reaffirmed by Deutsche Bank (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “sell” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Monday, StockRatingsNetwork reports. They currently have a GBX 250 ($4.10) price objective on the stock. Deutsche Bank’s target price indicates a potential downside of 2.46% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of WM Morrison Supermarkets to a “neutral” rating in a research note to investors on Friday, December 6th. They now have a GBX 280 ($4.59) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of WM Morrison Supermarkets in a research note to investors on Monday, November 25th. They now have a GBX 360 ($5.90) price target on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of WM Morrison Supermarkets in a research note to investors on Friday, November 22nd. They now have a GBX 229 ($3.76) price target on the stock. Fifteen investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. WM Morrison Supermarkets currently has a consensus rating of “Sell” and an average price target of GBX 270.17 ($4.43).
WM Morrison Supermarkets (LON:MRW) traded down 0.74% during mid-day trading on Monday, hitting GBX 256.30. 6,622,771 shares of the company’s stock traded hands. WM Morrison Supermarkets has a one year low of GBX 247.50 and a one year high of GBX 312.30. The stock has a 50-day moving average of GBX 262.7 and a 200-day moving average of GBX 277.3. The company’s market cap is £5.957 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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