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Home / Momentum / Wm Morrison Supermarkets PLC (MRW.L) 19-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

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.

Latest News

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

 

Click to enlarge

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