Cantor Fitzgerald Europe Reiterates “Buy” Rating for WM Morrison Supermarkets (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “buy” rating reaffirmed by research analysts at Cantor Fitzgerald Europe in a report released on Monday, ARN reports. They currently have a GBX 330 ($5.44) target price on the stock. Cantor Fitzgerald Europe’s price objective suggests a potential upside of 39.77% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Santander cut their price target on shares of WM Morrison Supermarkets from GBX 300 ($4.94) to GBX 275 ($4.53) in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, 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 ($5.44) price target on the stock, up previously from GBX 229 ($3.77). Finally, 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 ($4.53) price target on the stock. Fourteen research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 267.60 ($4.41).
WM Morrison Supermarkets (LON:MRW) traded up 6.14% on Monday, hitting GBX 250.60. 25,175,736 shares of the company’s stock traded hands. WM Morrison Supermarkets has a 52-week low of GBX 232.30 and a 52-week high of GBX 312.30. The stock’s 50-day moving average is GBX 259.9 and its 200-day moving average is GBX 276.7. The company’s market cap is £5.825 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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