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Wm. Morrison Supermarkets plc (LON:MRW) was downgraded by research analysts at Santander to an “underweight” rating in a report released on Thursday. They currently have a GBX 170 ($2.82) price target on the stock, down from their previous price target of GBX 220 ($3.65). Santander’s price target indicates a potential downside of 2.19% from the company’s current price.

Shares of Wm. Morrison Supermarkets plc (LON:MRW) traded down 0.86% on Thursday, hitting GBX 173.80. The stock had a trading volume of 8,014,119 shares. 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 173.6 and its 200-day moving average is GBX 196.1. The company’s market cap is £4.055 billion.

MRW has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Wm. Morrison Supermarkets plc from GBX 250 ($4.15) to GBX 225 ($3.73) in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Fourteen research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 195.05 ($3.24).

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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