WM Morrison Supermarkets PLC (LON:MRW) has been given a consensus rating of “Hold” by the nineteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 230.31 ($3.18).
MRW has been the topic of several analyst reports. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 260 ($3.59) target price on shares of WM Morrison Supermarkets in a report on Wednesday, November 15th. Beaufort Securities reaffirmed a “buy” rating and issued a GBX 250 ($3.45) target price on shares of WM Morrison Supermarkets in a report on Wednesday, January 10th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 250 ($3.45) target price on shares of WM Morrison Supermarkets in a report on Monday, October 23rd. Goldman Sachs Group reaffirmed a “neutral” rating on shares of WM Morrison Supermarkets in a report on Thursday, January 4th. Finally, UBS Group lowered their target price on shares of WM Morrison Supermarkets from GBX 240 ($3.32) to GBX 230 ($3.18) and set a “neutral” rating on the stock in a report on Friday, January 5th.
In other WM Morrison Supermarkets news, insider Tony van Kralingen purchased 13,000 shares of WM Morrison Supermarkets stock in a transaction on Friday, November 17th. The shares were bought at an average price of GBX 211 ($2.92) per share, with a total value of £27,430 ($37,897.21). Also, insider Rooney Anand purchased 10,000 shares of WM Morrison Supermarkets stock in a transaction on Wednesday, November 29th. The stock was acquired at an average cost of GBX 219 ($3.03) per share, for a total transaction of £21,900 ($30,256.98).
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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.
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