WM Morrison Supermarkets (LON:MRW)‘s stock had its “sell” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Thursday. They presently have a GBX 200 ($2.76) price target on the grocer’s stock. Berenberg Bank’s price target indicates a potential downside of 5.21% from the company’s current price.
A number of other research analysts have also recently commented on the company. Goldman Sachs upgraded WM Morrison Supermarkets to a “neutral” rating and raised their price target for the stock from GBX 195 ($2.69) to GBX 210 ($2.90) in a research report on Tuesday, December 5th. Deutsche Bank reiterated a “hold” rating and issued a GBX 260 ($3.59) target price on shares of WM Morrison Supermarkets in a research report on Wednesday, November 15th. Credit Suisse Group decreased their target price on WM Morrison Supermarkets from GBX 250 ($3.45) to GBX 230 ($3.18) and set a “neutral” rating on the stock in a research report on Monday, January 22nd. Beaufort Securities reiterated a “buy” rating and issued a GBX 250 ($3.45) target price on shares of WM Morrison Supermarkets in a research report on Wednesday, January 10th. Finally, Barclays reiterated an “underweight” rating and issued a GBX 215 ($2.97) target price on shares of WM Morrison Supermarkets in a research report on Friday, January 12th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 229.41 ($3.17).
WM Morrison Supermarkets (LON:MRW) opened at GBX 211 ($2.92) on Thursday. WM Morrison Supermarkets has a 12-month low of GBX 205 ($2.83) and a 12-month high of GBX 254.40 ($3.51). The company has a market capitalization of $4,950.00 and a price-to-earnings ratio of 1,623.08.
COPYRIGHT VIOLATION NOTICE: “Berenberg Bank Reiterates Sell Rating for WM Morrison Supermarkets (MRW)” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/03/17/berenberg-bank-reiterates-sell-rating-for-wm-morrison-supermarkets-mrw.html.
About WM Morrison Supermarkets
Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company offers products, such as Free From, World Foods, Food To Go and Nutmeg clothing. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers.
Receive News & Ratings for WM Morrison Supermarkets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Morrison Supermarkets and related companies with MarketBeat.com's FREE daily email newsletter.