WM Morrison Supermarkets’ (MRW) Hold Rating Reaffirmed at Deutsche Bank

WM Morrison Supermarkets (LON:MRW)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a research report issued on Tuesday.

A number of other equities analysts have also recently issued reports on MRW. reissued a “hold” rating and issued a GBX 240 ($3.23) target price on shares of WM Morrison Supermarkets in a report on Friday, November 3rd. HSBC reissued a “hold” rating and issued a GBX 240 ($3.23) target price on shares of WM Morrison Supermarkets in a report on Friday, November 3rd. Shore Capital Group reissued a “house stock” rating on shares of WM Morrison Supermarkets in a report on Thursday, November 2nd. Societe Generale reissued a “sell” rating and issued a GBX 170 ($2.29) target price on shares of WM Morrison Supermarkets in a report on Friday, September 15th. Finally, reissued a “hold” rating on shares of WM Morrison Supermarkets in a report on Wednesday, September 6th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 229.95 ($3.09).

WM Morrison Supermarkets (LON:MRW) opened at GBX 213.40 ($2.87) on Tuesday. WM Morrison Supermarkets has a 52 week low of GBX 205 ($2.76) and a 52 week high of GBX 254.40 ($3.42).

In related news, insider Tony van Kralingen acquired 13,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average price of GBX 211 ($2.84) per share, for a total transaction of £27,430 ($36,917.90). Also, insider Rooney Anand acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of GBX 219 ($2.95) per share, for a total transaction of £21,900 ($29,475.10). In the last ninety days, insiders have bought 23,232 shares of company stock worth $4,982,880.

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About WM Morrison Supermarkets

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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