JPMorgan Chase & Co. reissued their underweight rating on shares of WM Morrison Supermarkets (LON:MRW) in a research report sent to investors on Wednesday morning, Stock Ratings News reports.
JPMorgan Chase & Co. has also modified their ratings on a number of other stocks in the few days. The firm downgraded shares of United Continental Holdings from a neutral rating to an underweight rating. Their analysts now have a $25.00 price target on that stock, down previously from $32.50. Also, JPMorgan Chase & Co. downgraded shares of Credit Suisse from an overweight rating to a neutral rating. Finally, JPMorgan Chase & Co. lowered its price target on shares of Mellanox Technologies, Ltd. from $42.00 to $39.00. They have a neutral rating on that stock.
A number of other analysts have also recently weighed in on MRW. Analysts at Jefferies Group reiterated a buy rating on shares of WM Morrison Supermarkets in a research note to investors on Tuesday. They now have a GBX 310 ($5.01) price target on the stock. Separately, analysts at Deutsche Bank reiterated a sell rating on shares of WM Morrison Supermarkets in a research note to investors on Monday. They now have a GBX 250 ($4.04) price target on the stock, down previously from GBX 277 ($4.48). Finally, analysts at Cantor Fitzgerald reiterated a sell rating on shares of WM Morrison Supermarkets in a research note to investors on Friday, October 18th. They now have a GBX 229 ($3.70) price target on the stock. Sixteen equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Sell and an average price target of GBX 269.39 ($4.36).
WM Morrison Supermarkets (LON:MRW) traded down 0.11% during mid-day trading on Wednesday, hitting GBX 282.00. 5,629,419 shares of the company’s stock traded hands. 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 286.1 and a 200-day moving average of GBX 281.7. The company’s market cap is £6.555 billion.
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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