WM Morrison Supermarkets Rating Reiterated by Sanford C. Bernstein (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “market perform” rating reaffirmed by Sanford C. Bernstein in a research note issued on Tuesday, Analyst RN reports. They currently have a GBX 270 ($4.43) target price on the stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 6.47% from the stock’s previous close.
Shares of WM Morrison Supermarkets (LON:MRW) traded down 1.05% on Tuesday, hitting GBX 253.60. The stock had a trading volume of 9,072,553 shares. WM Morrison Supermarkets has a one year low of GBX 247.50 and a one year high of GBX 745.00. The stock’s 50-day moving average is GBX 261.8 and its 200-day moving average is GBX 277.4. The company’s market cap is £5.894 billion.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. cut their price target on shares of WM Morrison Supermarkets from GBX 325 ($5.33) to GBX 310 ($5.08) in a research note to investors on Tuesday. They now have a “buy” rating 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 Tuesday. They now have a GBX 300 ($4.92) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “sell” rating on shares of WM Morrison Supermarkets in a research note to investors on Monday. Fifteen research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. WM Morrison Supermarkets presently has a consensus rating of “Hold” and an average target price of GBX 269.91 ($4.43).
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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