WM Morrison Supermarkets (LON: MRW)‘s stock had its “sell” rating restated by equities researchers at Espirito Santo Execution in a report issued on Tuesday. They currently have a $3.47 (230 GBX) target price on the stock.
Shares of WM Morrison Supermarkets (LON: MRW) opened at 272.50 on Tuesday. 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 £6.488 billion.
A number of other firms have also recently commented on MRW. Analysts at Macquarie reiterated an “underperform” rating on shares of WM Morrison Supermarkets in a research note to investors on Friday. They now have a $3.43 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 Friday. They now have a $4.63 price target on the stock. Finally, analysts at Jefferies Group downgraded shares of WM Morrison Supermarkets to a “sell” rating in a research note to investors on Thursday, March 14th. They now have a $3.58 price target on the stock.
Thirteen research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Sell” and an average price target of $3.82 (253 GBX).
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.