HSBC cut shares of WM Morrison Supermarkets (LON: MRW) from a neutral rating to an underweight rating in a research report sent to investors on Thursday morning.
Shares of WM Morrison Supermarkets opened at 267.20 on Thursday. WM Morrison Supermarkets has a 52 week low of GBX 247.50 and a 52 week high of GBX 320.289. The stock’s 50-day moving average is currently GBX 286.0. The company’s market cap is £6.613 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a neutral rating on shares of WM Morrison Supermarkets in a research note to investors on Thursday. They now have a $3.76 price target on the stock. Separately, analysts at Jefferies Group reiterated a buy rating on shares of WM Morrison Supermarkets in a research note to investors on Thursday. They now have a $4.66 price target on the stock. Finally, analysts at Deutsche Bank reiterated a hold rating on shares of WM Morrison Supermarkets in a research note to investors on Thursday. They now have a $3.53 price target on the stock.
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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