Wm. Morrison Supermarkets plc Rating Reiterated by JPMorgan Chase & Co. (MRW)
Wm. Morrison Supermarkets plc (LON:MRW)‘s stock had its “underweight” rating reissued by JPMorgan Chase & Co. in a research note issued on Thursday. They currently have a GBX 135 ($2.26) price target on the stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 22.72% from the stock’s previous close.
Wm. Morrison Supermarkets plc (LON:MRW) opened at 174.90 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 173.5 and a 200-day moving average of GBX 200.3. The company’s market cap is £4.081 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 Wednesday. They now have a GBX 180 ($3.01) price target on the stock. Separately, analysts at Shore Capital reiterated a “sell” rating on shares of Wm. Morrison Supermarkets plc in a research note on Monday. Fourteen research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Wm. Morrison Supermarkets plc currently has an average rating of “Hold” and a consensus target price of GBX 204.36 ($3.42).
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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