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WM Morrison Supermarkets PLC 17.4% Potential Upside Indicated by Berenberg

WM Morrison Supermarkets PLC using EPIC/TICKER code (LON:MRW) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. WM Morrison Supermarkets PLC are listed in the Consumer Services sector within UK Main Market. Berenberg have set a target price of 285 GBX on its stock. This now indicates the analyst believes there is a possible upside of 17.4% from today’s opening price of 242.85 GBX. Over the last 30 and 90 trading days the company share price has increased 23.2 points and decreased 1.95 points respectively. The 1 year high for the share 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 229.36 GBX and a 200 Day Moving Average share price is recorded at 249.22. There are currently 2,368,254,984 shares in issue with the average daily volume traded being 10,194,918. Market capitalisation for LON:MRW is £5,738,281,898 GBP.