WM Morrison Supermarkets (LON:MRW) Receives “House Stock” Rating from Shore Capital Posted by Irma Garcia on Oct 7th, 2019 WM Morrison Supermarkets PLC logoShore Capital restated their house stock rating on shares of WM Morrison Supermarkets (LON:MRW) in a research report sent to investors on Thursday, September 12th, Digital Look reports. Other equities analysts also recently issued research reports about the stock. Deutsche Bank reaffirmed a hold rating on shares of WM Morrison Supermarkets in a research note on Friday, July 12th. Barclays reaffirmed an underweight rating on shares of WM Morrison Supermarkets in a research note on Tuesday, July 16th. Jefferies Financial Group reduced their price target on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 255 ($3.33) and set a buy rating for the company in a research report on Monday, August 12th. UBS Group reissued a buy rating and set a GBX 245 ($3.20) price target (down previously from GBX 260 ($3.40)) on shares of WM Morrison Supermarkets in a research report on Tuesday, September 3rd. Finally, Berenberg Bank reduced their price target on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 230 ($3.01) and set a buy rating for the company in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 238.67 ($3.12).
The share news on here. ....Sharecast News) - Sainsbury's was the standout performer among the 'big four' supermarkets in the 12 weeks to 8 September, according to data from research firm Kantar.
The data showed that Sainsbury's enjoyed its best period since October 2018 and outperformed its peers for the second month in the row despite a 0.1% sales dip. Sales at Tesco dropped 1.4%, while sales at Morrisons and Walmart-owned Asda declined 2% and 1%, respectively.
Legal & General (LSE: LGEN) might not be the most exciting business in the FTSE 100. However, if you are looking for stocks to include in your retirement portfolio, then this boring business should undoubtedly be on your watchlist.
What I like about this pension and savings provider is the fact that it is a business with long-term investing at its heart. The company has been around for more than 100 years and during this time, it has become a stalwart of the UK financial sector. It manages more than £1trn of assets for clients around the world and was the first UK asset manager to meet this lofty target.
Focused business Life insurance and pension management is a tricky business because there is so much that can go wrong.
Legal promises clients an income in retirement, and the company cannot afford to renege on this promise. So, management has to invest clients’ money sensibly with a three or four-decade time horizon to make sure that when the time comes, it can meet its obligations.
Sensible, long-term investing is the name of the game for the company, and that’s why I think it could make a perfect addition to your pension portfolio. At the time of writing, shares in the group trade at a forward P/E of just 6.9 and support a dividend yield of 8.3%. I think that’s a steal for such a high quality, FTSE 100 business with more than 100 years of history behind it.
Read this - the shares dipped lower on Wednesday after L&G business lines outside of annuities came in below market expectations. Also, problems convincing the market of its longer term potential. Been in and out of IAG half a dozen times recently so with profits and stake I bought 2182 shares in L&G before the close today. Happy with dividend and looking for any future share rise. Long term hold.
Other airlines dragging share price down like today. See - share news on here ...
British Airways owner IAG was down 3.8% in a negative read-across from German flag carrier Lufthansa. Lufthansa was down 6.4% in Frankfurt, dragging on the DAX index, after reporting a sharp decline in second quarter profit amid competition struggles. The airline's key financial target, adjusted earnings before interest and taxes, was down year on year to EUR754 million. This represents a 25% decline from EUR1.00 billion the year before. Despite the slip, the adjusted Ebit result was still ahead of market consensus of EUR735 million."Our earnings are feeling the effects of tough competition in Europe and sizeable overcapacities, especially on our short-haul routes out of Germany and Austria," said Chief Financial Officer Ulrik Svensson. Other London-listed airlines to be hit by Lufthansa's tough quarter were easyJet, down 4.3%, and Ryanair, down 5.9%.In the FTSE 250