WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “sell” rating reaffirmed by analysts at Deutsche Bank AG in a research note issued to investors on Thursday. They currently have a GBX 165 ($2.20) target price on the grocer’s stock. Deutsche Bank AG’s target price would suggest a potential downside of 14.29% from the stock’s current price.
MRW has been the topic of a number of other reports. Jefferies Group reiterated a “buy” rating and issued a GBX 210 ($2.80) price objective on shares of WM Morrison Supermarkets PLC in a research report on Monday, September 5th. Shore Capital reiterated a “house stock” rating on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, August 31st. BNP Paribas reiterated an “underperform” rating and issued a GBX 145 ($1.93) price objective on shares of WM Morrison Supermarkets PLC in a research report on Monday, June 27th. Societe Generale reiterated a “sell” rating and issued a GBX 150 ($2.00) price objective on shares of WM Morrison Supermarkets PLC in a research report on Friday, June 17th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 180 ($2.40) price objective on shares of WM Morrison Supermarkets PLC in a research report on Monday, June 27th. Ten analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. WM Morrison Supermarkets PLC has a consensus rating of “Hold” and an average target price of GBX 172.59 ($2.30).
Shares of WM Morrison Supermarkets PLC (LON:MRW) traded down 3.70% during midday trading on Thursday, hitting GBX 192.50. 15,954,052 shares of the company were exchanged. The company has a 50-day moving average price of GBX 190.72 and a 200-day moving average price of GBX 191.38. WM Morrison Supermarkets PLC has a 52-week low of GBX 138.60 and a 52-week high of GBX 210.20. The stock’s market capitalization is GBX 4.48 billion.
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About WM Morrison Supermarkets PLC
Wm Morrison Supermarkets PLC is a United Kingdom-based supermarket group. The Company is a fresh food manufacturer in the United Kingdom. The Company owns, operates and controls its fresh food supply chain. The Company’s Market Street stores include butchers, fishmongers, bakery, cake shops, greengrocers, delis, oven fresh products, Fresh to Go products, flower shops and cafes.
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