WM Morrison Supermarkets (MRW) Earns Hold Rating from Deutsche Bank

WM Morrison Supermarkets (LON:MRW)‘s stock had its “hold” rating reiterated by Deutsche Bank in a note issued to investors on Monday.

Other analysts also recently issued reports about the company. Shore Capital Group reissued a “house stock” rating on shares of WM Morrison Supermarkets in a research report on Thursday, November 2nd. Morgan Stanley lifted their target price on WM Morrison Supermarkets from GBX 170 ($2.31) to GBX 210 ($2.85) and gave the company an “underweight” rating in a research report on Wednesday, September 20th. reaffirmed a “hold” rating and issued a GBX 240 ($3.25) target price on shares of WM Morrison Supermarkets in a research report on Friday, November 3rd. HSBC reaffirmed a “hold” rating and issued a GBX 240 ($3.25) target price on shares of WM Morrison Supermarkets in a research report on Friday, November 3rd. Finally, reaffirmed a “hold” rating and issued a GBX 240 ($3.25) target price on shares of WM Morrison Supermarkets in a research report on Friday, September 15th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 229.11 ($3.11).

Shares of WM Morrison Supermarkets (MRW) opened at GBX 228.30 ($3.10) on Monday. The stock has a market capitalization of $5,420.00 and a PE ratio of 1,522.00. WM Morrison Supermarkets has a 52-week low of GBX 205 ($2.78) and a 52-week high of GBX 254.40 ($3.45).

In related news, insider Belinda Richards purchased 232 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of GBX 215 ($2.92) per share, for a total transaction of £498.80 ($676.43). Also, insider Rooney Anand purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were bought at an average price of GBX 219 ($2.97) per share, with a total value of £21,900 ($29,698.94). In the last quarter, insiders acquired 23,232 shares of company stock valued at $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.

Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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