WM Morrison Supermarkets (LON:MRW)‘s stock had its “sell” rating restated by equities researchers at Berenberg Bank in a note issued to investors on Thursday, March 15th. They presently have a GBX 200 ($2.81) target price on the grocer’s stock. Berenberg Bank’s target price suggests a potential downside of 10.75% from the stock’s previous close.
MRW has been the topic of a number of other reports. Barclays lowered their target price on shares of WM Morrison Supermarkets from GBX 215 ($3.02) to GBX 205 ($2.88) and set an “underweight” rating on the stock in a research note on Thursday, March 15th. Jefferies Group upgraded shares of WM Morrison Supermarkets to a “buy” rating and set a GBX 265 ($3.72) target price on the stock in a research note on Monday, March 5th. Deutsche Bank reissued a “hold” rating and issued a GBX 245 ($3.44) price target on shares of WM Morrison Supermarkets in a report on Wednesday, February 7th. Credit Suisse Group reduced their price target on shares of WM Morrison Supermarkets from GBX 250 ($3.51) to GBX 230 ($3.23) and set a “neutral” rating for the company in a report on Monday, January 22nd. Finally, Beaufort Securities reissued a “buy” rating and issued a GBX 250 ($3.51) price target on shares of WM Morrison Supermarkets in a report on Wednesday, January 10th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. WM Morrison Supermarkets has an average rating of “Hold” and an average price target of GBX 229.69 ($3.22).
Shares of MRW traded down GBX 0.70 ($0.01) during mid-day trading on Thursday, hitting GBX 224.10 ($3.15). 9,771,535 shares of the company’s stock were exchanged, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a twelve month low of GBX 205 ($2.88) and a twelve month high of GBX 254.40 ($3.57).
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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.
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