Cantor Fitzgerald Europe Reiterates “Buy” Rating for WM Morrison Supermarkets (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “buy” rating restated by equities researchers at Cantor Fitzgerald Europe in a research report issued on Wednesday, American Banking News reports. They currently have a GBX 330 ($5.41) price target on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential upside of 39.12% from the company’s current price.
MRW has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “sell” rating on shares of WM Morrison Supermarkets in a research note on Wednesday. They now have a GBX 200 ($3.28) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of WM Morrison Supermarkets in a research note on Wednesday, February 5th. They now have a GBX 230 ($3.77) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of WM Morrison Supermarkets in a research note on Tuesday, February 4th. They now have a GBX 270 ($4.43) price target on the stock. Fifteen equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 254.34 ($4.17).
Shares of WM Morrison Supermarkets (LON:MRW) traded down 0.92% on Wednesday, hitting GBX 238.10. 20,343,008 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 249.4 and its 200-day moving average is GBX 271.9. The company’s market cap is £5.534 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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