Cantor Fitzgerald Europe Reiterates Buy Rating for WM Morrison Supermarkets (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “buy” rating reaffirmed by stock analysts at Cantor Fitzgerald Europe in a report issued on Tuesday, StockRatingsNetwork reports. They currently have a GBX 330 ($5.44) target price on the stock. Cantor Fitzgerald Europe’s target price suggests a potential upside of 34.31% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of WM Morrison Supermarkets in a research note to investors on Monday. They now have a GBX 230 ($3.79) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday, January 22nd. They now have a GBX 250 ($4.12) price target on the stock. Finally, 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 ($3.30) price target on the stock. Fifteen equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 254.34 ($4.19).
WM Morrison Supermarkets (LON:MRW) traded down 0.49% during mid-day trading on Tuesday, hitting GBX 244.50. 4,445,815 shares of the company’s stock traded hands. WM Morrison Supermarkets has a one year low of GBX 232.30 and a one year high of GBX 312.30. The stock’s 50-day moving average is GBX 255.6 and its 200-day moving average is GBX 275.5. The company’s market cap is £5.683 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.