This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Opening Price | Stop Loss | Profit Limit | Reward vs Risk | CFD Margin |
| 155.8p | 148p (7.8p/-5.0% below) | 172p (16.2p/10.4% above) | 2.1x | 5% |
Observations – For
Observations – Against
Shares bounced off 150p support. By virtue of its size MRW is likely the only UK grocer to be an M&A target. Market placing (middle-market) means safer play of the incumbents given intense price competition from German discounters. The CEO bought 300K shares at 158.79p 10 days ago.
Bloomberg consensus is fairly evenly split. Consensus target price implies 17% upside and to summer highs beyond the trend of falling March resistance. 78% of brokers have target prices above the current share price.
Next Event: Ex-div, 1 Oct; Half-year results, 5 Nov
Latest Broker 12-Month Consensus: 30% Buy, 35% Hold, 35% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Boomberg or Company Press releases
| Share | 1wk | 1m | 3m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -1.5 | -7.5 | -24.5 | -11.4 | -45.9 | -47.9 | -45.7 | -48.9 |
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