WM Morrison Supermarkets (LON:MRW)‘s stock had its “equal weight” rating reiterated by Barclays in a research note issued on Wednesday, AR Network reports. They currently have a GBX 310 ($5.01) price objective on the stock. Barclays’ price objective indicates a potential upside of 9.50% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of WM Morrison Supermarkets in a research note to investors on Wednesday. Separately, 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. Finally, 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). 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. WM Morrison Supermarkets presently has a consensus rating of “Sell” and a consensus target price of GBX 269.39 ($4.36).
WM Morrison Supermarkets (LON:MRW) traded down 0.21% during mid-day trading on Wednesday, hitting GBX 283.10. 10,880,180 shares of the company’s stock traded hands. WM Morrison Supermarkets has a 52-week low of GBX 247.50 and a 52-week 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 £6.580 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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