WM Morrison Supermarkets (LON:MRW) was upgraded by Goldman Sachs Group to a “neutral” rating in a report issued on Tuesday.
A number of other research firms also recently commented on MRW. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 240 ($3.23) price objective on shares of WM Morrison Supermarkets in a report on Tuesday, August 29th. Deutsche Bank increased their target price on shares of WM Morrison Supermarkets from GBX 225 ($3.03) to GBX 235 ($3.16) and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Barclays increased their target price on shares of WM Morrison Supermarkets from GBX 205 ($2.76) to GBX 220 ($2.96) and gave the stock an “underweight” rating in a research report on Friday, September 1st. reiterated a “hold” rating on shares of WM Morrison Supermarkets in a research report on Wednesday, September 6th. Finally, BNP Paribas reiterated an “outperform” rating and set a GBX 270 ($3.63) target price on shares of WM Morrison Supermarkets in a research report on Wednesday, September 13th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 228.89 ($3.08).
WM Morrison Supermarkets (LON MRW) opened at GBX 221.80 ($2.99) on Tuesday. WM Morrison Supermarkets has a 1-year low of GBX 205 ($2.76) and a 1-year high of GBX 254.40 ($3.42).
In other WM Morrison Supermarkets news, insider Belinda Richards purchased 232 shares of the stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of GBX 215 ($2.89) per share, for a total transaction of £498.80 ($671.33). Also, insider Tony van Kralingen purchased 13,000 shares of the stock in a transaction dated Friday, November 17th. The shares were acquired at an average price of GBX 211 ($2.84) per share, with a total value of £27,430 ($36,917.90). In the last quarter, insiders have bought 23,232 shares of company stock valued at $4,982,880.
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About WM Morrison Supermarkets
Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company offers products, such as Free From, World Foods, Food To Go and Nutmeg clothing. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers.
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