BNP Paribas raised Wm Morrison Supermar from a “neutral” rating to an “outperform” rating in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock.
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“Furthermore, the group has once again been prodigious in its cash generation, with the year-end net debt guidance lowered so further de-leveraging and bolstering already robust solvency ratios; the strongest of the FTSE 100 supermarkets”, the broker’s analyst Clive Black commented, as quoted by Citywire, adding that Shore Capital finds it “interesting that Morrisons’ stock is so heavily shorted, noting that rarely in the last decade have we felt so warm towards the group’s prospects”. Societe Generale reaffirmed a “sell” rating on shares of Wm Morrison Supermar in a research report on Tuesday, June 28th.
Showing a price of $13.74, Wm Morrison Supermarkets (OTCMKTS:MRWSY) traded 0.69% higher on the day. There are now 2,335,279,481 shares in issue with the average daily volume traded being 11,301,768. Trade volume was was down over the average, with 5,597 shares of MRWSY changing hands under the typical 19,422 shares. The stock has a 50-day moving average price of $12.64 and a 200 day moving average price of $13.31. Barclays Capital have set their target price at 190 GBX on its stock.
In the prior 12 months Morrison (Wm) Supermarkets PLC’s stock price has increased by 34.66% from 154.54 to 208.1. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of USA and global copyright law.
WM Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company serves customers across the United Kingdom through approximately 500 stores and an online home delivery service.
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