WM Morrison Supermarkets Price Target Lowered to GBX 280 at Nomura (MRW)
Equities researchers at Nomura lowered their target price on shares of WM Morrison Supermarkets (LON:MRW) from GBX 360 ($5.90) to GBX 280 ($4.59) in a research report issued on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Nomura’s price objective suggests a potential upside of 18.59% from the company’s current price.
A number of other analysts have also recently weighed in on MRW. Analysts at JPMorgan Chase & Co. cut their price target on shares of WM Morrison Supermarkets from GBX 245 ($4.02) to GBX 210 ($3.44) in a research note to investors on Friday. They now have an “underweight” rating on the stock. Separately, 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). Finally, analysts at Beaufort Securities downgraded shares of WM Morrison Supermarkets to a “sell” rating in a research note to investors on Friday. Fifteen equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 263.21 ($4.32).
Shares of WM Morrison Supermarkets (LON:MRW) opened at 236.10 on Friday. WM Morrison Supermarkets has a 1-year low of GBX 247.50 and a 1-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.
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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