WM Morrison Supermarkets (MRW) Stock Rating Upgraded by Berenberg Bank

WM Morrison Supermarkets (LON:MRW) was upgraded by Berenberg Bank to a “buy” rating in a research note issued to investors on Tuesday, February 5th. The firm presently has a GBX 285 ($3.72) price target on the grocer’s stock, up from their previous price target of GBX 250 ($3.27). Berenberg Bank’s target price suggests a potential upside of 23.19% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Citigroup raised WM Morrison Supermarkets to a “neutral” rating and increased their price target for the stock from GBX 210 ($2.74) to GBX 255 ($3.33) in a report on Monday, February 4th. JPMorgan Chase & Co. decreased their price target on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 230 ($3.01) and set a “neutral” rating for the company in a report on Friday, January 11th. UBS Group decreased their price target on WM Morrison Supermarkets from GBX 290 ($3.79) to GBX 285 ($3.72) and set a “buy” rating for the company in a report on Wednesday, January 9th. Goldman Sachs Group cut their price objective on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 235 ($3.07) and set a “neutral” rating for the company in a research report on Monday, January 7th. Finally, Jefferies Financial Group cut their price objective on WM Morrison Supermarkets from GBX 280 ($3.66) to GBX 265 ($3.46) and set a “buy” rating for the company in a research report on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price 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). 7,106,698 shares of the company were exchanged, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a 1-year low of GBX 205 ($2.68) and a 1-year high of GBX 254.40 ($3.32).

In other news, insider Andrew Higginson purchased 63,560 shares of the company’s stock in a transaction dated Thursday, January 31st. The stock was acquired at an average price of GBX 236 ($3.08) per share, for a total transaction of £150,001.60 ($196,003.66).

About WM Morrison Supermarkets

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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