Societe Generale Reiterates “Sell” Rating for Wm. Morrison Supermarkets plc (MRW)
Wm. Morrison Supermarkets plc (LON:MRW)‘s stock had its “sell” rating reiterated by equities researchers at Societe Generale in a research report issued on Wednesday. They currently have a GBX 160 ($2.73) target price on the stock. Societe Generale’s price objective indicates a potential downside of 11.21% from the stock’s previous close.
A number of other analysts have also recently weighed in on MRW. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Wednesday. They now have a GBX 190 ($3.24) 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 Monday. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Wm. Morrison Supermarkets plc in a research note on Monday. They now have a GBX 180 ($3.07) price target on the stock. Twelve analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 214.30 ($3.65).
Wm. Morrison Supermarkets plc (LON:MRW) opened at 181.50 on Wednesday. Wm. Morrison Supermarkets plc has a 1-year low of GBX 181.22 and a 1-year high of GBX 312.30. The stock’s 50-day moving average is GBX 195.3 and its 200-day moving average is GBX 220.2. The company’s market cap is £4.235 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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