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WM Morrison Supermarkets PLC 17.4% Potential Decrease Indicated by Barclays Capital

WM Morrison Supermarkets PLC with EPIC/TICKER LON:MRW has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Barclays Capital. WM Morrison Supermarkets PLC are listed in the Consumer Services sector within UK Main Market. Barclays Capital have set a target price of 205 GBX on its stock. This is indicating the analyst believes there is a potential downside of 17.4% from today’s opening price of 248.2 GBX. Over the last 30 and 90 trading days the company share price has increased 9.9 points and increased 28.8 points respectively.

 
WM Morrison Supermarkets PLC LON:MRW has a 50 day moving average of 237.69 GBX and a 200 Day Moving Average share price is recorded at 211.36 GBX. The 1 year high for the stock price is 250 GBX while the 52 week low for the stock is 168.5 GBX. There are currently 2,335,535,772 shares in issue with the average daily volume traded being 14,105,975. Market capitalisation for LON:MRW is £5,766,437,679 GBP.

 

WM Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company offers products, such as Free From, World Foods, Food To Go and Nutmeg clothing. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers.

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