WM Morrison Supermarkets Given “Equal Weight” Rating at Barclays (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “equal weight” rating restated by equities research analysts at Barclays in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 250 ($4.10) price target on the stock. Barclays’ price target indicates a potential downside of 1.92% from the stock’s previous close.
Shares of WM Morrison Supermarkets (LON:MRW) opened at 249.50 on Wednesday. WM Morrison Supermarkets has a 52 week low of GBX 232.30 and a 52 week high of GBX 312.30. The stock has a 50-day moving average of GBX 257.2 and a 200-day moving average of GBX 276.4. The company’s market cap is £5.799 billion.
A number of other firms have also recently commented on MRW. Analysts at Societe Generale initiated coverage on shares of WM Morrison Supermarkets in a research note to investors on Friday, January 17th. They set a “sell” rating and a GBX 200 ($3.28) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of WM Morrison Supermarkets in a research note to investors on Tuesday, January 14th. They now have a GBX 200 ($3.28) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of WM Morrison Supermarkets in a research note to investors on Monday, January 13th. They now have a GBX 330 ($5.42) price target on the stock. Fifteen analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. WM Morrison Supermarkets has an average rating of “Hold” and an average target price of GBX 257.60 ($4.23).
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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