WM Morrison Supermarkets’s Underweight Rating Reaffirmed at Morgan Stanley (MRW)
WM Morrison Supermarkets (LON: MRW)‘s stock had its “underweight” rating reiterated by investment analysts at Morgan Stanley in a note issued to investors on Tuesday. They currently have a $3.85 (255 GBX) target price on the stock.
Shares of WM Morrison Supermarkets (LON: MRW) traded down 0.59% during mid-day trading on Tuesday, hitting GBX 269.70. WM Morrison Supermarkets has a one year low of GBX 247.50 and a one year high of GBX 320.289. The stock’s 50-day moving average is currently GBX 286.0. The company’s market cap is £6.422 billion.
A number of other analysts have also recently weighed in on MRW. Analysts at JPMorgan Chase reiterated an “underweight” rating on shares of WM Morrison Supermarkets in a research note to investors on Tuesday. They now have a $3.70 price target on the stock. Separately, analysts at Investec downgraded shares of WM Morrison Supermarkets to a “sell” rating in a research note to investors on Tuesday. They now have a $3.63 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of WM Morrison Supermarkets in a research note to investors on Tuesday. They now have a $3.55 price target on the stock.
Fourteen investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Sell” and an average price target of $3.79 (251 GBX).
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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