57.7% Potential Upside27 May 2015 11:17
WM Morrison Supermarkets PLC with EPIC LON:MRW had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Nomura. WM Morrison Supermarkets PLC are listed in the Consumer Services sector within UK Main Market. Nomura have set a target price of 280 GBX on its stock. This would imply the analyst believes there is a potential upside of 57.7% from the opening price of 177.5 GBX. WM Morrison Supermarkets PLC LON:MRW has a 50 day moving average of 194.84 GBX and a 200 Day Moving Average share price is recorded at 184.15 GBX. The 1 year high for the stock price is 214.8 GBX while the year low stock price is currently 150.6 GBX.
WM Morrison Supermarkets PLC LON:MRW is a food retailer. The Company has approximately 500 stores, 130 M locals and an online home delivery service. It has a vertically integrated supply chain. The Company is mainly a provider of food and grocery and it sources and processes the fresh food that it sells though its own manufacturing facilities. It owns, operates and controls a greater proportion of its fresh food supply chain which enables customers to tailor their meat and fish to suit preferences and buy freshly baked goods. The Company is also operating in Birmingham, Manchester, North London, Sheffield and, Lincolnshire, apart from Warwickshire and Yorkshire. The Company operates seven regional distribution centres servicing its core supermarkets, and two convenience distribution centres