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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