Wm. Morrison Supermarkets plc Given Consensus Rating of “Hold” by Analysts (LON:MRW)
Shares of Wm. Morrison Supermarkets plc (LON:MRW) have earned a consensus recommendation of “Hold” from the twenty-six ratings firms that are currently covering the stock, Stock Ratings News reports. Thirteen 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 brokers that have issued ratings on the stock in the last year is GBX 207.67 ($3.47).
A number of analysts have recently weighed in on MRW shares. 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 ($3.01) 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 ($2.76) 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 ($3.18) price target on the stock.
Shares of Wm. Morrison Supermarkets plc (LON:MRW) opened at 173.10 on Thursday. 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 174.1 and a 200-day moving average of GBX 202.3. The company’s market cap is £4.039 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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