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WM Morrison Supermarkets PLC 11.6% Potential Decrease Indicated by Deutsche Bank

WM Morrison Supermarkets PLC with EPIC/TICKER (LON:MRW) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Deutsche Bank. WM Morrison Supermarkets PLC are listed in the Consumer Services sector within UK Main Market. Deutsche Bank have set a target price of 235 GBX on its stock. This indicates the analyst believes there is a potential downside of -11.6% from the opening price of 265.8 GBX. Over the last 30 and 90 trading days the company share price has increased 26.2 points and increased 39.2 points respectively. The 1 year high for the stock price is 270.5 GBX while the 52 week low for the share price is 203.3 GBX.

WM Morrison Supermarkets PLC has a 50 day moving average of 232.10 GBX and the 200 Day Moving Average price is recorded at 247.22. There are currently shares in issue with the average daily volume traded being 11,078,497. Market capitalisation for LON:MRW is £6,311,952,263 GBP.