Wm. Morrison Supermarkets plc Given Average Rating of “Hold” by Brokerages (LON:MRW)
Shares of Wm. Morrison Supermarkets plc (LON:MRW) have received an average recommendation of “Hold” from the twenty-six ratings firms that are covering the company, StockRatingsNetwork.com reports. Thirteen equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 207.67 ($3.48).
Shares of Wm. Morrison Supermarkets plc (LON:MRW) traded up 0.30% during mid-day trading on Thursday, hitting GBX 169.50. 2,448,652 shares of the company’s stock traded hands. Wm. Morrison Supermarkets plc has a 1-year low of GBX 164.60 and a 1-year high of GBX 312.30. The stock’s 50-day moving average is GBX 174.8 and its 200-day moving average is GBX 202.7. The company’s market cap is £3.955 billion.
Several analysts have recently commented on the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Wm. Morrison Supermarkets plc in a research note on Friday, August 8th. They now have a GBX 180 ($3.02) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Wm. Morrison Supermarkets plc in a research note on Wednesday, August 6th. They now have a GBX 165 ($2.77) 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 30th. They now have a GBX 190 ($3.19) price target on the stock.
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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