WM Morrison Supermarkets Given Buy Rating at Cantor Fitzgerald Europe (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “buy” rating reaffirmed by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Tuesday, Analyst RN reports. They currently have a GBX 330 ($5.44) target price on the stock. Cantor Fitzgerald Europe’s target price points to a potential upside of 34.31% from the company’s current price.
Other equities research analysts have also recently issued reports about 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. WM Morrison Supermarkets currently has an average rating of “Hold” and an average target price of GBX 254.34 ($4.19).
Shares of WM Morrison Supermarkets (LON:MRW) traded down 0.57% during mid-day trading on Tuesday, hitting GBX 244.30. The stock had a trading volume of 3,898,628 shares. 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 255.6 and a 200-day moving average of GBX 275.5. The company’s market cap is £5.678 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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