Wm. Morrison Supermarkets plc PT Lowered to GBX 225 (MRW)
Equities researchers at Jefferies Group lowered their price target on shares of Wm. Morrison Supermarkets plc (LON:MRW) from GBX 250 ($4.15) to GBX 225 ($3.73) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 29.24% from the company’s current price.
MRW has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Wm. Morrison Supermarkets plc in a research note on Friday, August 29th. They now have a GBX 180 ($2.99) price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of Wm. Morrison Supermarkets plc to a “hold” rating in a research note on Thursday, August 28th. They now have a GBX 190 ($3.15) price target on the stock. Finally, analysts at Liberum Capital reiterated an “underweight” rating on shares of Wm. Morrison Supermarkets plc in a research note on Thursday, August 21st. They now have a GBX 135 ($2.24) price target on the stock. Twelve research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 202.09 ($3.35).
Wm. Morrison Supermarkets plc (LON:MRW) traded up 0.69% on Wednesday, hitting GBX 175.30. 5,996,377 shares of the company’s stock traded hands. Wm. Morrison Supermarkets plc has a one year low of GBX 164.60 and a one year high of GBX 312.30. The stock has a 50-day moving average of GBX 173.7 and a 200-day moving average of GBX 196.6. The company’s market cap is £4.090 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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