WM Morrison Supermarkets’s Buy Rating Reaffirmed at Jefferies Group (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a report issued on Thursday, Analyst RN reports. They currently have a GBX 310 ($5.08) price objective on the stock. Jefferies Group’s target price points to a potential upside of 32.20% from the company’s current price.
Shares of WM Morrison Supermarkets (LON:MRW) traded down 7.53% during mid-day trading on Thursday, hitting GBX 234.50. The stock had a trading volume of 41,306,472 shares. 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 261.8 and a 200-day moving average of GBX 277.4. The company’s market cap is £5.450 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of WM Morrison Supermarkets in a research note to investors on Tuesday. They now have a GBX 270 ($4.43) price target on the stock. Separately, 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. Finally, 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. Fifteen investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. WM Morrison Supermarkets presently has an average rating of “Hold” and a consensus price target 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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