JPMorgan Chase & Co. reissued their underweight rating on shares of WM Morrison Supermarkets (LON:MRW) in a research report released on Thursday morning, American Banking and Market News reports. JPMorgan Chase & Co. currently has a GBX 245 ($3.92) price objective on the stock.
JPMorgan Chase & Co. has also modified their ratings on a number of other stocks in the few days. The firm upgraded shares of BT Group plc from a neutral rating to an overweight rating. The firm now has a $1.40 price target on that stock. Also, JPMorgan Chase & Co. lowered its price target on shares of CTC Media from $14.50 to $13.80. Finally, JPMorgan Chase & Co. reiterated its overweight rating on shares of Coca-Cola HBC S.A.. They have a $1,860.00 price target on that stock.
Shares of WM Morrison Supermarkets (LON:MRW) traded down 0.97% on Thursday, hitting GBX 275.70. The stock had a trading volume of 7,857,162 shares. WM Morrison Supermarkets has a 1-year low of GBX 247.50 and a 1-year high of GBX 312.30. The stock has a 50-day moving average of GBX 281.1 and a 200-day moving average of GBX 282.0. The company’s market cap is £6.408 billion.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a neutral rating on shares of WM Morrison Supermarkets in a research note to investors on Monday, November 4th. They now have a GBX 300 ($4.80) price target on the stock. Separately, analysts at Grupo Santander reiterated a hold rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday, October 30th. They now have a GBX 300 ($4.80) price target on the stock. Finally, analysts at Deutsche Bank reiterated a sell rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday, October 30th. They now have a GBX 250 ($4.00) price target on the stock. Sixteen research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 270.90 ($4.34).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.