WM Morrison Supermarkets PLC (LON:MRW) shares shot up 0% on Monday . The company traded as high as GBX 227.32 ($3.08) and last traded at GBX 226.90 ($3.08). 14,138,809 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 8,810,000 shares. The stock had previously closed at GBX 226.90 ($3.08).

A number of research firms recently commented on MRW. BNP Paribas reaffirmed an “outperform” rating and set a GBX 270 ($3.66) 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 ($3.53) price objective on shares of WM Morrison Supermarkets in a research note on Thursday, September 21st. Berenberg Bank assumed coverage on WM Morrison Supermarkets in a research note on Tuesday, October 3rd. They issued a “sell” rating and a GBX 200 ($2.71) price objective on the stock. Morgan Stanley lifted their price objective on WM Morrison Supermarkets from GBX 170 ($2.31) to GBX 210 ($2.85) and gave the company an “underweight” rating in a research note on Wednesday, September 20th. Finally, Citigroup reiterated a “sell” rating and set a GBX 210 ($2.85) target price on shares of WM Morrison Supermarkets in a report on Wednesday, September 20th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 229.11 ($3.11).

The firm has a market cap of $5,420.00 and a P/E ratio of 1,530.67.

In related news, insider Tony van Kralingen bought 13,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average price of GBX 211 ($2.86) per share, with a total value of £27,430 ($37,198.26). Also, insider Belinda Richards bought 232 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of GBX 215 ($2.92) per share, for a total transaction of £498.80 ($676.43). Insiders have 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.

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