WM Morrison Supermarkets PLC (LON:MRW) shares dropped 0% during mid-day trading on Monday . The stock traded as low as GBX 216.50 ($2.85) and last traded at GBX 210.20 ($2.76). Approximately 7,710,795 shares changed hands during trading, a decline of 7% from the average daily volume of 8,250,000 shares. The stock had previously closed at GBX 210.20 ($2.76).

MRW has been the topic of several research reports. Beaufort Securities reduced their price target on shares of WM Morrison Supermarkets PLC from GBX 260 ($3.42) to GBX 250 ($3.29) and set a “buy” rating on the stock in a research report on Friday, November 3rd. HSBC Holdings plc reiterated a “hold” rating on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, September 6th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 225 ($2.96) price target on shares of WM Morrison Supermarkets PLC in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a GBX 250 ($3.29) price target on shares of WM Morrison Supermarkets PLC in a research report on Monday, October 23rd. Eight investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 227.59 ($2.99).

The firm also recently disclosed a dividend, which was paid on Monday, November 6th. Investors of record on Thursday, September 28th were given a GBX 1.66 ($0.02) dividend. The ex-dividend date was Thursday, September 28th. This represents a dividend yield of 0.72%.

In other WM Morrison Supermarkets PLC news, insider Belinda Richards acquired 232 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average cost of GBX 215 ($2.83) per share, for a total transaction of £498.80 ($656.06).

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About WM Morrison Supermarkets PLC

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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