Wm. Morrison Supermarkets plc Receives Buy Rating from Nomura (MRW)
Wm. Morrison Supermarkets plc (LON:MRW)‘s stock had its “buy” rating reiterated by equities researchers at Nomura in a research report issued on Tuesday. They currently have a GBX 270 ($4.61) target price on the stock. Nomura’s price target points to a potential upside of 57.43% from the company’s current price.
Shares of Wm. Morrison Supermarkets plc (LON:MRW) traded down 1.27% on Tuesday, hitting GBX 171.50. The stock had a trading volume of 7,945,864 shares. Wm. Morrison Supermarkets plc has a 1-year low of GBX 170.80 and a 1-year high of GBX 312.30. The stock has a 50-day moving average of GBX 184.7 and a 200-day moving average of GBX 211.6. The company’s market cap is £4.001 billion.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Wm. Morrison Supermarkets plc in a research note on Friday, July 4th. They now have a GBX 175 ($2.99) price target on the stock. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Wednesday, July 2nd. They now have a GBX 160 ($2.73) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Wednesday, July 2nd. They now have a GBX 190 ($3.25) price target on the stock. Twelve analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 212.67 ($3.63).
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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