Wm. Morrison Supermarkets plc Receives “Sell” Rating from Shore Capital (MRW)
Shares of Wm. Morrison Supermarkets plc (LON:MRW) opened at 172.952 on Monday. Wm. Morrison Supermarkets plc has a 1-year low of GBX 164.60 and a 1-year 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 £4.035 billion.
A number of other firms have also recently commented on MRW. 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. Thirteen analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 207.67 ($3.47).
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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