Goldman Sachs Group Reiterates Neutral Rating for WM Morrison Supermarkets (MRW)
Several other research firms have also issued reports on MRW. reaffirmed a hold rating on shares of WM Morrison Supermarkets in a research note on Wednesday, September 6th. BNP Paribas reaffirmed an outperform rating and issued a GBX 270 ($3.61) price objective on shares of WM Morrison Supermarkets in a research note on Wednesday, September 13th. Deutsche Bank reaffirmed a hold rating and issued a GBX 260 ($3.48) price objective on shares of WM Morrison Supermarkets in a research note on Thursday, September 21st. Berenberg Bank assumed coverage on shares of WM Morrison Supermarkets in a research note on Tuesday, October 3rd. They issued a sell rating and a GBX 200 ($2.67) price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of WM Morrison Supermarkets from GBX 170 ($2.27) to GBX 210 ($2.81) and gave the company an underweight rating in a research note on Wednesday, September 20th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. WM Morrison Supermarkets has a consensus rating of Hold and an average target price of GBX 228.63 ($3.06).
WM Morrison Supermarkets (LON:MRW) opened at GBX 226.10 ($3.02) on Thursday. WM Morrison Supermarkets has a fifty-two week low of GBX 205 ($2.74) and a fifty-two week high of GBX 254.40 ($3.40). The company has a market cap of $5,330.00 and a price-to-earnings ratio of 1,507.33.
In related news, insider Tony van Kralingen acquired 13,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average price of GBX 211 ($2.82) per share, with a total value of £27,430 ($36,676.03). Also, insider Rooney Anand acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were bought at an average cost of GBX 219 ($2.93) per share, with a total value of £21,900 ($29,281.99). Insiders have bought 23,232 shares of company stock valued at $4,982,880 in the last ninety days.
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.
Receive News & Ratings for WM Morrison Supermarkets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WM Morrison Supermarkets and related companies with Analyst Ratings Network's FREE daily email newsletter.