Barclays Reiterates “Equal weight” Rating for Wm. Morrison Supermarkets plc (MRW)
Wm. Morrison Supermarkets plc (LON:MRW)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a research report issued on Thursday, StockRatingsNetwork reports. They currently have a GBX 250 ($4.10) target price on the stock. Barclays’ target price suggests a potential upside of 5.89% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Wm. Morrison Supermarkets plc in a research note on Wednesday. They now have a GBX 330 ($5.41) price target on the stock. Fifteen analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 254.34 ($4.17).
Shares of Wm. Morrison Supermarkets plc (LON:MRW) traded down 0.71% on Thursday, hitting GBX 236.10. The stock had a trading volume of 9,311,334 shares. Wm. Morrison Supermarkets plc has a 1-year low of GBX 232.25 and a 1-year high of GBX 745.00. The stock’s 50-day moving average is GBX 247.5 and its 200-day moving average is GBX 271.4. The company’s market cap is £5.488 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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