Exane BNP Paribas Reiterates Underperform on WM Morrison Supermarkets (MRW)
WM Morrison Supermarkets (LON: MRW)‘s stock had its “underperform” rating restated by equities researchers at Exane BNP Paribas in a report issued on Thursday. They currently have a $4.03 (250 GBX) target price on the stock.
WM Morrison Supermarkets opened at 259.80 on Thursday. WM Morrison Supermarkets has a 52-week low of GBX 255.20 and a 52-week high of GBX 329.40. The stock’s 50-day moving average is currently GBX 286.0. The company’s market cap is £6.430 billion.
A number of other analysts have also recently weighed in on MRW. Analysts at Jefferies Group reiterated a “buy” rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday. They now have a $5.04 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of WM Morrison Supermarkets to a “hold” rating in a research note to investors on Friday, December 14th.
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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