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WM Morrison Supermarkets PLC 8.1% Potential Upside Indicated by HSBC

WM Morrison Supermarkets PLC with EPIC/TICKER (LON:MRW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. WM Morrison Supermarkets PLC are listed in the Consumer Services sector within UK Main Market. HSBC have set their target price at 265 GBX on its stock. This indicates the analyst now believes there is a potential upside of 8.1% from today’s opening price of 245.2 GBX. Over the last 30 and 90 trading days the company share price has increased 25.55 points and decreased 1.35 points respectively. The 52 week high for the share price is currently at 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 229.25 GBX and a 200 Day Moving Average share price is recorded at 249.24. There are currently 2,368,254,984 shares in issue with the average daily volume traded being 10,360,836. Market capitalisation for LON:MRW is £5,796,029,434 GBP.