WM Morrison Supermarkets’ (MRW) House Stock Rating Reiterated at Shore Capital

Shore Capital reiterated their house stock rating on shares of WM Morrison Supermarkets (LON:MRW) in a research report report published on Tuesday, February 5th.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group reduced their target price on shares of WM Morrison Supermarkets from GBX 280 ($3.66) to GBX 265 ($3.46) and set a buy rating on the stock in a research note on Friday, January 4th. HSBC reduced their price objective on shares of WM Morrison Supermarkets from GBX 300 ($3.92) to GBX 240 ($3.14) and set a buy rating on the stock in a research note on Friday, January 4th. UBS Group reduced their price objective on shares of WM Morrison Supermarkets from GBX 295 ($3.85) to GBX 290 ($3.79) and set a buy rating on the stock in a research note on Wednesday, January 2nd. Berenberg Bank raised shares of WM Morrison Supermarkets to a buy rating and lifted their price objective for the stock from GBX 250 ($3.27) to GBX 285 ($3.72) in a research note on Tuesday, February 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of WM Morrison Supermarkets from GBX 260 ($3.40) to GBX 240 ($3.14) and set a neutral rating on the stock in a report on Wednesday, November 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 258.18 ($3.37).

Shares of LON MRW traded up GBX 1.25 ($0.02) during mid-day trading on Tuesday, hitting GBX 231.35 ($3.02). The company’s stock had a trading volume of 7,106,698 shares, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a one year low of GBX 205 ($2.68) and a one year high of GBX 254.40 ($3.32).

In other WM Morrison Supermarkets news, insider Andrew Higginson acquired 63,560 shares of the stock in a transaction dated Thursday, January 31st. The shares were bought at an average cost of GBX 236 ($3.08) per share, for a total transaction of £150,001.60 ($196,003.66).

WM Morrison Supermarkets Company Profile

Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.

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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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