Deutsche Bank Downgrades Wm. Morrison Supermarkets plc to Sell (MRW)
Wm. Morrison Supermarkets plc (LON:MRW) was downgraded by equities researchers at Deutsche Bank to a “sell” rating in a research report issued on Wednesday. They currently have a GBX 190 ($3.20) price objective on the stock, down from their previous price objective of GBX 200 ($3.36). Deutsche Bank’s target price suggests a potential downside of 7.32% from the company’s current price.
Wm. Morrison Supermarkets plc (LON:MRW) traded down 2.15% on Wednesday, hitting GBX 205.00. The stock had a trading volume of 17,555,560 shares. Wm. Morrison Supermarkets plc has a 52-week low of GBX 184.40 and a 52-week high of GBX 312.30. The stock’s 50-day moving average is GBX 201.6 and its 200-day moving average is GBX 235.7. The company’s market cap is £4.783 billion.
MRW has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “buy” rating on shares of Wm. Morrison Supermarkets plc in a research note on Monday, May 12th. They now have a GBX 270 ($4.54) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Friday, May 9th. They now have a GBX 165 ($2.78) price target on the stock. Finally, analysts at Shore Capital Stockbrokers reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Thursday, May 8th. They now have a GBX 191 ($3.21) price target on the stock. Fourteen research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 216.65 ($3.64).
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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