WM Morrison Supermarkets’s Buy Rating Reaffirmed at Cantor Fitzgerald Europe (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “buy” rating restated by stock analysts at Cantor Fitzgerald Europe in a report issued on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 330 ($5.44) price objective on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential upside of 35.75% 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’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 254.34 ($4.19).
WM Morrison Supermarkets (LON:MRW) traded down 1.06% during mid-day trading on Tuesday, hitting GBX 243.10. The stock had a trading volume of 8,178,549 shares. WM Morrison Supermarkets has a 1-year low of GBX 232.30 and a 1-year high of GBX 312.30. The stock has a 50-day moving average of GBX 255.3 and a 200-day moving average of GBX 275.3. The company’s market cap is £5.650 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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