Wm. Morrison Supermarkets plc Stock Rating Reaffirmed by Sanford C. Bernstein (MRW)
Wm. Morrison Supermarkets plc (LON:MRW)‘s stock had its “market perform” rating restated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. They currently have a GBX 180 ($3.06) price target on the stock. Sanford C. Bernstein’s price objective would indicate a potential downside of 5.51% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated a “neutral” rating on shares of Wm. Morrison Supermarkets plc in a research note on Thursday. They now have a GBX 220 ($3.73) price target on the stock. Separately, analysts at Shore Capital reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Wednesday. They now have a GBX 193 ($3.28) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of Wm. Morrison Supermarkets plc in a research note on Friday, June 13th. They now have a GBX 175 ($2.97) price target on the stock. Twelve research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 213.76 ($3.63).
Wm. Morrison Supermarkets plc (LON:MRW) opened at 190.10 on Friday. Wm. Morrison Supermarkets plc has a 52 week low of GBX 184.40 and a 52 week high of GBX 312.30. The stock has a 50-day moving average of GBX 198.2 and a 200-day moving average of GBX 225.0. The company’s market cap is £4.435 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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