WM Morrison Supermarkets Receives Buy Rating from Cantor Fitzgerald Europe (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “buy” rating restated by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Tuesday, American Banking News.com reports. They currently have a GBX 330 ($5.44) target price on the stock. Cantor Fitzgerald Europe’s price target indicates a potential upside of 34.31% from the company’s current price.
A number of other analysts have also recently weighed in on MRW. 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 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. The stock presently has an average rating of “Hold” and an average target price 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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