WM Morrison Supermarkets Receives Buy Rating from Cantor Fitzgerald Europe (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “buy” rating reiterated by Cantor Fitzgerald Europe in a research note issued on Tuesday, American Banking News.com reports. They currently have a GBX 330 ($5.44) price objective on the stock. Cantor Fitzgerald Europe’s target price would suggest a potential upside of 34.31% from the company’s current price.
WM Morrison Supermarkets (LON:MRW) traded down 0.53% on Tuesday, hitting GBX 244.40. 5,296,488 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 256.1 and its 200-day moving average is GBX 275.8. The company’s market cap is £5.681 billion.
MRW has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. WM Morrison Supermarkets currently has a consensus rating of “Hold” and a consensus price target of GBX 254.34 ($4.19).
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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