Wm. Morrison Supermarkets plc Rating Reiterated by Sanford C. Bernstein (MRW)
Wm. Morrison Supermarkets plc (LON:MRW)‘s stock had its “market perform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a report issued on Friday. They currently have a GBX 180 ($3.03) price objective on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 7.59% from the company’s current price.
Shares of Wm. Morrison Supermarkets plc (LON:MRW) opened at 168.40 on Friday. Wm. Morrison Supermarkets plc has a 52 week low of GBX 164.60 and a 52 week high of GBX 312.30. The stock has a 50-day moving average of GBX 177.2 and a 200-day moving average of GBX 205.3. The company’s market cap is £3.929 billion.
A number of other analysts have also recently weighed in on MRW. Analysts at Barclays reiterated an “underweight” rating on shares of Wm. Morrison Supermarkets plc in a research note on Wednesday. They now have a GBX 165 ($2.78) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Wednesday, July 30th. They now have a GBX 190 ($3.20) price target on the stock. Finally, analysts at Shore Capital reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Tuesday, July 29th. Thirteen equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 207.67 ($3.49).
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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