Wm Morrison Supermarkets PLC (MRW.L) 19-03-20
Will shares in Wm Morrison Supermarkets PLC (MRW.L) continue to rally, setting new recent highs?
- Now trading at 196.1p (at time of writing), the price performance has been very strong.
- Will it come to an end, or is this trend your friend?
- Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
- Shares -14% from 12-month highs; +19% from 12 month lows.
18 Mar: Morrisons, the supermarket business, witnessed a marginal increase in underlying end of year profits, though it delayed announcing more special dividends while the full implications of the coronavirus outbreak were being assessed.
02 Mar: Bernstein has upgraded its rating on Morrison (Wm) Supermarkets (MRW) to outperform (from market perform).
28 Feb: Credit Suisse today initiates coverage of Morrison (Wm) Supermarkets (MRW) with a outperform rating and target price of 225p.
27 Feb: Barclays Capital reiterates its underweight rating on Morrison (Wm) Supermarkets (MRW) and reduced the target price to 175p (from 180p).
26 Feb: Berenberg has downgraded its rating on Morrison (Wm) Supermarkets (MRW) to hold (from buy) and reduced the target price to 200p (from 225p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires