Citigroup Inc. upgraded shares of WM Morrison Supermarkets (LON:MRW) to a neutral rating in a research report sent to investors on Friday morning, AmericanBankingNews.com reports. The firm currently has GBX 280 ($4.58) price target on the stock.
Citigroup Inc. has also taken action a number of other stocks recently. The firm upgraded shares of CRH PLC from a sell rating to a neutral rating. Also, Citigroup Inc. upgraded shares of Sasol Limited from a neutral rating to a buy rating. Finally, Citigroup Inc. reiterated its buy rating on shares of Rio Tinto.
Shares of WM Morrison Supermarkets (LON:MRW) traded up 0.04% on Friday, hitting GBX 260.30. 4,021,291 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’s 50-day moving average is GBX 272.8 and its 200-day moving average is GBX 278.7. The company’s market cap is £6.050 billion.
A number of other firms have also recently commented on MRW. Analysts at Nomura reiterated a buy rating on shares of WM Morrison Supermarkets in a research note to investors on Monday, November 25th. They now have a GBX 360 ($5.89) price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a sell rating on shares of WM Morrison Supermarkets in a research note to investors on Friday, November 22nd. They now have a GBX 229 ($3.74) price target on the stock. Finally, analysts at Jefferies Group reiterated a buy rating on shares of WM Morrison Supermarkets in a research note to investors on Friday, November 22nd. They now have a GBX 310 ($5.07) price target on the stock. Sixteen research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 270.67 ($4.43).
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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