WM Morrison Supermarkets PLC (MRW) Rating Reiterated by Berenberg Bank
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “sell” rating reiterated by analysts at Berenberg Bank in a note issued to investors on Friday. They currently have a GBX 200 ($2.63) target price on the grocer’s stock. Berenberg Bank’s price objective points to a potential downside of 5.75% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG reaffirmed a “hold” rating on shares of WM Morrison Supermarkets in a research note on Tuesday, November 21st. Shore Capital Group Limited reissued a “house stock” rating on shares of WM Morrison Supermarkets in a research report on Thursday, November 2nd. HSBC Holdings PLC reissued a “hold” rating and issued a GBX 240 ($3.16) target price on shares of WM Morrison Supermarkets in a research report on Friday, November 3rd. reissued a “hold” rating and issued a GBX 240 ($3.16) target price on shares of WM Morrison Supermarkets in a research report on Friday, November 3rd. Finally, reissued a “hold” rating and issued a GBX 240 ($3.16) target price on shares of WM Morrison Supermarkets in a research report on Friday, November 3rd. Eight research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 228.89 ($3.01).
Shares of WM Morrison Supermarkets (LON:MRW) opened at GBX 212.20 ($2.79) on Friday. WM Morrison Supermarkets has a 12 month low of GBX 205 ($2.70) and a 12 month high of GBX 254.40 ($3.35).
In other WM Morrison Supermarkets news, insider Belinda Richards acquired 232 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of GBX 215 ($2.83) per share, with a total value of £498.80 ($656.06). Also, insider Tony van Kralingen acquired 13,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was acquired at an average cost of GBX 211 ($2.78) per share, with a total value of £27,430 ($36,077.86).
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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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