WM Morrison Supermarkets Given New GBX 275 Price Target at Santander (MRW)
Stock analysts at Santander dropped their price target on shares of WM Morrison Supermarkets (LON:MRW) from GBX 300 ($4.92) to GBX 275 ($4.51) in a report issued on Friday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Santander’s price target would indicate a potential upside of 17.27% from the stock’s previous close.
A number of other analysts have also recently weighed in on MRW. Analysts at Cantor Fitzgerald upgraded shares of WM Morrison Supermarkets to a “buy” rating in a research note to investors on Friday. They now have a GBX 330 ($5.41) price target on the stock, up previously from GBX 229 ($3.76). Separately, analysts at Grupo Santander reiterated a “hold” rating on shares of WM Morrison Supermarkets in a research note to investors on Friday. They now have a GBX 275 ($4.51) price target on the stock. Finally, analysts at HSBC cut their price target on shares of WM Morrison Supermarkets from GBX 260 ($4.26) to GBX 200 ($3.28) in a research note to investors on Friday. They now have an “underweight” rating on the stock. Fifteen research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 263.21 ($4.32).
WM Morrison Supermarkets (LON:MRW) traded up 0.77% on Friday, hitting GBX 236.30. 13,212,321 shares of the company’s stock traded hands. WM Morrison Supermarkets has a one year low of GBX 232.25 and a one year high of GBX 312.30. The stock has a 50-day moving average of GBX 260.5 and a 200-day moving average of GBX 277.0. The company’s market cap is £5.492 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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