Bernstein Keeps Wm Morrison Supermarkets (LON:MRW) As a Market Perform; They Now Have a Target Of GBX 170

Share

Wm Morrison Supermarkets (LON:MRW) Rating Reaffirmed

In a recent report sent to clients and investors this morning, Bernstein has reaffirmed their Market Perform rating on Wm Morrison Supermarkets (LON:MRW) shares. The TP gives a possible upside of 14.71% from company’s previous close.

From a total of 18 analysts covering Morrison Wm Supermarkets PLC (LON:MRW) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 260 while the lowest target price is GBX 125. The mean of all analyst targets is GBX 177.33 with a 18.25% above today’s (GBX 148.65) stock price. Morrison Wm Supermarkets PLC was the topic of 61 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 18 with “Underweight” rating. Societe Generale maintained shares with “Sell” rating and GBX 150 target share price in a report from a November 18. Jefferies maintained MRW stock in a recent report from December 11 with “Buy” rating. Deutsche Bank maintained the rating on November 18. Deutsche Bank has a “Sell” rating and a GBX 155 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a December 4.

Approximately 2.26M shares of stock traded hands. WM Morrison Supermarkets PLC (LON:MRW) has declined 18.82% since May 22, 2015 and is downtrending. It has underperformed by 13.01% the S&P500.

Bernstein Keeps Wm Morrison Supermarkets (LON:MRW) As a Market Perform; They Now Have a Target Of GBX 170

Wm Morrison Supermarkets PLC is a United Kingdom supermarket group. The company has a market cap of 3.47 billion GBP. The Firm is a fresh food maker in the United Kingdom. It currently has negative earnings. The Firm owns, operates and controls its fresh food supply chain.

COMMENTS: