WM Morrison Supermarkets Receives Sell Rating from Deutsche Bank (MRW)
WM Morrison Supermarkets (LON:MRW)‘s stock had its “sell” rating restated by stock analysts at Deutsche Bank in a report issued on Wednesday, Analyst Ratings News reports. They currently have a GBX 200 ($3.28) price target on the stock. Deutsche Bank’s price objective would indicate a potential downside of 16.18% 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 on Wednesday, February 5th. They now have a GBX 230 ($3.77) price target on the stock. Separately, 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. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of WM Morrison Supermarkets in a research note on Tuesday, January 28th. They now have a GBX 330 ($5.41) price target on the stock. Fifteen research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. WM Morrison Supermarkets presently has a consensus rating of “Hold” and a consensus price target of GBX 254.34 ($4.17).
Shares of WM Morrison Supermarkets (LON:MRW) traded down 1.04% on Wednesday, hitting GBX 237.80. The stock had a trading volume of 27,082,468 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 249.4 and a 200-day moving average of GBX 271.9. The company’s market cap is £5.527 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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