Investec cut shares of WM Morrison Supermarkets (LON: MRW) to a sell rating in a research note issued to investors on Tuesday. The firm currently has $3.63 (240 GBX) target price on the stock.
WM Morrison Supermarkets (LON: MRW) opened at 267.90 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 £6.379 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a hold rating on shares of WM Morrison Supermarkets in a research note to investors on Tuesday. They now have a $3.55 price target on the stock. Separately, analysts at Credit Suisse reiterated a neutral rating on shares of WM Morrison Supermarkets in a research note to investors on Tuesday. They now have a $3.85 price target on the stock. Finally, analysts at Barclays Capital reiterated an underweight rating on shares of WM Morrison Supermarkets in a research note to investors on Tuesday. They now have a $3.63 price target on the stock.
Thirteen analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Sell and an average target price of $3.81 (252 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.
