Wm Morrison Supermarkets PLC (MRW.L) 05-02-20
Will Wm Morrison Supermarkets PLC (MRW.L) shares break below the 180p support zone, or will it return to highs of 208p (+14%)?
- Currently trading around the 180p support at 181.25p (at time of writing).
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Highs of 208p have been seen in the recent past. Will we see this again? (+14%)
- Shares -26% from 12-month highs; +2% from 12 month lows.
Latest News
23 Jan: Goldman Sachs has downgraded its rating on Morrison (Wm) Supermarkets (MRW) to sell (from neutral) and reduced the target price to 175p (from 205p).
08 Jan: JP Morgan Cazenove reiterates its neutral rating on Morrison (Wm) Supermarkets (MRW) and reduced the target price to 200p (from 230p).
07 Jan: Morrisons, the supermarket chain, announced that sales declined on a like for like basis by 1.2% in Q3, weighed by customer doubts and strong competition.
06 Jan: Bank of America Merrill Lynch has downgraded its rating on Morrison (Wm) Supermarkets (MRW) to underperform (from neutral).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires