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SMR
04-18-2015, 02:12 PM
Wm Morrison Supermarkets plc is a food retailer. The Company has approximately 500 stores, 130 M locals and an online home delivery service. It has a vertically integrated supply chain. The Company is mainly a provider of food and grocery and it sources and processes the fresh food that it sells though its own manufacturing facilities. It owns, operates and controls a greater proportion of its fresh food supply chain which enables customers to tailor their meat and fish to suit preferences and buy freshly baked goods. The Company is also operating in Birmingham, Manchester, North London, Sheffield and, Lincolnshire, apart from Warwickshire and Yorkshire. The Company operates seven regional distribution centres servicing its core supermarkets, and two convenience distribution centres.

Official website: www.morrisons.co.uk

jonsmith
05-20-2015, 02:21 PM
From my analysis I think this stock is showing selling strength.

What do you all think?

Michael
05-21-2015, 07:55 PM
Here is some target prices from leading brokers (today price is 180)





Broker
Date
Rating
Previous
assessment
Latest
assessment
Assessment
change
Previous
target
Latest
target
Target
change


May 2015


Barclays Capital
08/05
Reiterates
Underweight
Underweight

180.00p
180.00p



Exane BNP Paribas
08/05
Reiterates
Underperform
Underperform

170.00p
170.00p



JP Morgan Cazenove
08/05
Reiterates
Neutral
Neutral

225.00p
225.00p



Shore Capital
07/05
Reiterates
Buy
Buy






Cantor Fitzgerald
07/05
Reiterates
Buy
Buy

200.00p
200.00p



Deutsche Bank
07/05
Reiterates
Hold
Hold


210.00p



Jefferies International
01/05
Reiterates
Buy
Buy

230.00p
230.00p




Also check outlook by Hargreaves Lansdown (May 7, 2015):


Morrison's shares are "ex" a final dividend of 9.62p today, but have opened an additional 1-2% lower after their Q1 trading update, which showed the business treading water, with no improvements really visible, but no deterioration either. Details are scant and there is no significant strategic update from newly arrived CEO, David Potts.

Highlights:


Total Sales (ex-fuel) were down 1.1% for the 13 weeks to May 3.
Like-for-like (LFL) sales were down 2.9% ex-fuel, or 6.6% including. This compares to -2.6% in the final quarter of last year, and -7.1% in the comparator quarter.
Online sales boosted the LFL number by 1.0%.
Store closures were greater than openings; net space fell by 50,000 ft² in the quarter.
Head Office restructuring costs of £30-£40m to be incurred this year.
Net debt fell by around £150m in the quarter, to £2.2bn.


Items per basket have pretty much stabilised. Having been falling at an annual pace of 5.9% in Q1 of last year, the decline in the latest quarter was just 0.1%.
But the number of transactions is still declining at a meaningful pace. In Q1 last year, the rate of decline was 3.6% p.a. and this slipped from -1.9% in Q4 to -3.2% in the latest period.

Morrison is weeding out the weak performers in its range, with the number of lines stocked (SKUs) falling from 23,600 to 21,650. Promotional activity is also reducing, in favour of lower everyday prices. Year on year, the number of items on promotion has fallen in each of the last five quarters, with the last quarter seeing a decline of 4.3%, equivalent to a 210bp fall in the percentage of sales made from promotional lines.

Outlook:
Morrison are undertaking a full assessment of the business under new CEO David Potts, and the results of this will be released later in the year. In the meantime, the company has said that they expect profits to be weighted toward the second half of the year and that as described at the full year, the focus is to invest more for customers in order to build trading momentum, rather than achieve quick, but potentially short-lived financial benefits.

More here http://www.hl.co.uk/shares/shares-search-results/m/morrison-wm-supermarkets-ordinary-10p/share-research

poorwinning
05-22-2015, 07:50 AM
Here is some target prices from leading brokers (today price is 180)





Broker
Date
Rating
Previous
assessment
Latest
assessment
Assessment
change
Previous
target
Latest
target
Target
change


May 2015


Barclays Capital
08/05
Reiterates
Underweight
Underweight

180.00p
180.00p



Exane BNP Paribas
08/05
Reiterates
Underperform
Underperform

170.00p
170.00p



JP Morgan Cazenove
08/05
Reiterates
Neutral
Neutral

225.00p
225.00p



Shore Capital
07/05
Reiterates
Buy
Buy






Cantor Fitzgerald
07/05
Reiterates
Buy
Buy

200.00p
200.00p



Deutsche Bank
07/05
Reiterates
Hold
Hold


210.00p



Jefferies International
01/05
Reiterates
Buy
Buy

230.00p
230.00p




Also check outlook by Hargreaves Lansdown (May 7, 2015):

More here http://www.hl.co.uk/shares/shares-search-results/m/morrison-wm-supermarkets-ordinary-10p/share-research

It is quite satisfactory an i am hoping it to raise a bit further than the present.