WM Morrison Supermarkets PLC (LON:MRW)’s share price was up 0% during trading on Tuesday . The stock traded as high as GBX 222.80 ($3.00) and last traded at GBX 218.80 ($2.94). Approximately 10,922,789 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 8,160,000 shares. The stock had previously closed at GBX 218.80 ($2.94).
MRW has been the topic of several research reports. Deutsche Bank upped their price target on shares of WM Morrison Supermarkets from GBX 225 ($3.03) to GBX 235 ($3.16) and gave the company a “hold” rating in a research note on Tuesday, August 29th. Credit Suisse Group restated a “neutral” rating and issued a GBX 240 ($3.23) price target on shares of WM Morrison Supermarkets in a research note on Tuesday, August 29th. Barclays upped their price target on shares of WM Morrison Supermarkets from GBX 205 ($2.76) to GBX 220 ($2.96) and gave the company an “underweight” rating in a research note on Friday, September 1st. restated a “hold” rating on shares of WM Morrison Supermarkets in a research note on Wednesday, September 6th. Finally, BNP Paribas restated an “outperform” rating and issued a GBX 270 ($3.63) price target on shares of WM Morrison Supermarkets in a research note on Wednesday, September 13th. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 229.95 ($3.09).
In other news, insider Tony van Kralingen bought 13,000 shares of the stock in a transaction on Friday, November 17th. The shares were bought at an average price of GBX 211 ($2.84) per share, with a total value of £27,430 ($36,917.90). Also, insider Rooney Anand bought 10,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was purchased at an average cost of GBX 219 ($2.95) per share, for a total transaction of £21,900 ($29,475.10). In the last three months, insiders acquired 23,232 shares of company stock worth $4,982,880.
WM Morrison Supermarkets Company Profile
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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