Wm Morrison Supermarkets (LON:MRW) “Market Perform” Rating Reemphasized Today By Bernstein; The Target Price Provided Is GBX 170


Wm Morrison Supermarkets (LON:MRW) Rating Reaffirmed

In a very recent research note sent to investors on 4 December, The “Market Perform” rating of Wm Morrison Supermarkets (LON:MRW) shares was reaffirmed at Bernstein, who now has a GBX 170 target PPS on the stock. Bernstein’s target PPS provides a possible upside of 15.88% from the last price of the company.

From a total of 18 analysts covering Morrison Wm Supermarkets PLC (LON:MRW) stock, 5 rate it a ”Buy”, 9 a “Sell”, and 8 a ”Hold”. This means that 23% of the ratings are positive. The highest target price is GBX 260 while the lowest target price is GBX 130. The mean of all analyst targets is GBX 178.72 with a 20.12% above today’s (GBX 147.5) stock price. Morrison Wm Supermarkets PLC was the topic of 55 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on November 23 with “Market Perform” rating. BNP Paribas maintained shares with “Underperform” rating and GBX 150 target share price in a report from a November 10. Societe Generale maintained MRW stock in a recent report from November 18 with “Sell” rating. Barclays Capital maintained the rating on November 9. Barclays Capital has a “Underweight” rating and a GBX 155 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a November 17.

Approximately 2.41 million shares of stock traded hands. WM Morrison Supermarkets PLC (LON:MRW) has declined 15.77% since May 7, 2015 and is downtrending. It has underperformed by 12.99% the S&P500.

Wm Morrison Supermarkets (LON:MRW)

Wm Morrison Supermarkets PLC is a United Kingdom supermarket group. The company has a market cap of 3.44 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.