DO YOU THINK MORRISONS’ SHARE PRICE WILL RISE FURTHER AND IF SO WHY?
JAMES MONRO | S&P EQUITY RESEARCH
The share price is likely to stay flat, although it could edge slightly up. Our target is 315p over the next year. The management is not expected to announce much at the interim results, which may disappoint investors.
KEITH BOWMAN | HARGREAVES LANSDOWN
The consensus is that Morrisons’ shares are a buy ahead of the results. There is plenty of scope to expand online, but the competition will be tough in non-foods. There has been speculation over a possible M&A with Sainsbury’s, which could support the share price.
SAM HART | CHARLES STANLEY
Investors are often wary of buying shares ahead of results, in case of unanticipated bad news. But there are unlikely to be any surprises. Our accumulate recommendation is a total return (share price and dividend) of 5-15 per cent on a 12 month time horizon.