WM Morrison Supermarkets Price Target Lowered to GBX 210 at JPMorgan Chase & Co. (MRW)
Analysts at JPMorgan Chase & Co. reduced their price target on shares of WM Morrison Supermarkets (LON:MRW) from GBX 245 ($4.02) to GBX 210 ($3.44) in a research report issued to clients and investors on Friday, AnalystRatings.NET reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 11.05% from the stock’s previous close.
WM Morrison Supermarkets (LON:MRW) opened at 236.10 on Friday. 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 259.9 and a 200-day moving average of GBX 276.7. The company’s market cap is £5.488 billion.
MRW has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. downgraded shares of WM Morrison Supermarkets to a “neutral” rating in a research note to investors on Friday. They now have a GBX 250 ($4.10) price target on the stock, down previously from GBX 280 ($4.59). Separately, analysts at Beaufort Securities downgraded shares of WM Morrison Supermarkets to a “sell” rating in a research note to investors on Friday. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of WM Morrison Supermarkets in a research note to investors on Thursday. They now have a GBX 310 ($5.08) price target on the stock. Fifteen investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. WM Morrison Supermarkets currently has an average rating of “Hold” and an average price target of GBX 263.21 ($4.32).
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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