Deutsche Bank Reiterates Sell Rating for Wm. Morrison Supermarkets plc (MRW)
Wm. Morrison Supermarkets plc (LON:MRW)‘s stock had its “sell” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. They currently have a GBX 190 ($3.23) price objective on the stock. Deutsche Bank’s price target indicates a potential upside of 12.16% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Shore Capital reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Tuesday, July 29th. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Wm. Morrison Supermarkets plc in a research note on Friday, July 25th. They now have a GBX 180 ($3.06) 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 Thursday, July 24th. They now have a GBX 155 ($2.63) price target on the stock. Twelve investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Wm. Morrison Supermarkets plc currently has an average rating of “Hold” and a consensus price target of GBX 211.71 ($3.60).
Shares of Wm. Morrison Supermarkets plc (LON:MRW) opened at 169.40 on Wednesday. Wm. Morrison Supermarkets plc has a one year low of GBX 167.60 and a one year high of GBX 312.30. The stock’s 50-day moving average is GBX 179.7 and its 200-day moving average is GBX 207.9. The company’s market cap is £3.952 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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