WM Morrison Supermarkets PLC (MRW) Receives Average Recommendation of “Hold” from Analysts

WM Morrison Supermarkets PLC (LON:MRW) has received a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 230.67 ($3.13).

Several research firms have commented on MRW. Barclays reiterated an “underweight” rating and set a GBX 215 ($2.92) price objective on shares of WM Morrison Supermarkets in a research report on Friday, January 12th. Beaufort Securities reiterated a “buy” rating and set a GBX 250 ($3.39) price objective on shares of WM Morrison Supermarkets in a research report on Wednesday, January 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 260 ($3.53) price objective on shares of WM Morrison Supermarkets in a research report on Wednesday, January 10th. Deutsche Bank reiterated a “hold” rating on shares of WM Morrison Supermarkets in a research report on Monday, January 8th. Finally, UBS Group lowered their price objective on shares of WM Morrison Supermarkets from GBX 240 ($3.25) to GBX 230 ($3.12) and set a “neutral” rating for the company in a research report on Friday, January 5th.

WM Morrison Supermarkets (LON MRW) opened at GBX 229 ($3.11) on Friday. WM Morrison Supermarkets has a 12-month low of GBX 205 ($2.78) and a 12-month high of GBX 254.40 ($3.45). The company has a market cap of $5,390.00 and a price-to-earnings ratio of 1,526.67.

In related news, insider Rooney Anand purchased 10,000 shares of WM Morrison Supermarkets stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of GBX 219 ($2.97) per share, with a total value of £21,900 ($29,698.94). Also, insider Tony van Kralingen purchased 13,000 shares of WM Morrison Supermarkets stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of GBX 211 ($2.86) per share, for a total transaction of £27,430 ($37,198.26). Insiders purchased a total of 23,232 shares of company stock worth $4,982,880 in the last ninety days.

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WM Morrison Supermarkets Company Profile

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.

Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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