Shore Capital Stockbrokers Reiterates “Sell” Rating for Wm. Morrison Supermarkets plc (MRW)
Wm. Morrison Supermarkets plc (LON:MRW)‘s stock had its “sell” rating restated by analysts at Shore Capital Stockbrokers in a research report issued to clients and investors on Thursday, Analyst Ratings Network reports. They currently have a GBX 191 ($3.22) price objective on the stock. Shore Capital Stockbrokers’ price target points to a potential downside of 3.34% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Wm. Morrison Supermarkets plc in a research note on Thursday. They now have a GBX 200 ($3.37) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Wm. Morrison Supermarkets plc from GBX 150 ($2.53) to GBX 135 ($2.28) in a research note on Thursday. They now have an “underweight” rating on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Friday, May 2nd. They now have a GBX 170 ($2.87) price target on the stock. Thirteen 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. Wm. Morrison Supermarkets plc currently has an average rating of “Hold” and an average target price of GBX 217.08 ($3.66).
Wm. Morrison Supermarkets plc (LON:MRW) traded down 0.65% during mid-day trading on Thursday, hitting GBX 197.60. The stock had a trading volume of 15,563,968 shares. Wm. Morrison Supermarkets plc has a one year low of GBX 184.40 and a one year high of GBX 312.30. The stock’s 50-day moving average is GBX 203. and its 200-day moving average is GBX 240.7. The company’s market cap is £4.610 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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