WM Morrison Supermarkets PLC (MRW) Receives GBX 230.31 Average Target Price from Analysts

Shares of WM Morrison Supermarkets PLC (LON:MRW) have been given an average recommendation of “Hold” by the nineteen analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 230.31 ($3.18).

Several analysts have recently weighed in on MRW shares. Shore Capital reissued a “house stock” rating on shares of WM Morrison Supermarkets in a report on Thursday, November 2nd. Goldman Sachs Group raised WM Morrison Supermarkets to a “neutral” rating and lifted their price objective for the stock from GBX 195 ($2.69) to GBX 210 ($2.90) in a report on Tuesday, December 5th. Beaufort Securities decreased their price objective on WM Morrison Supermarkets from GBX 260 ($3.59) to GBX 250 ($3.45) and set a “buy” rating on the stock in a report on Friday, November 3rd. Deutsche Bank restated a “hold” rating and set a GBX 260 ($3.59) target price on shares of WM Morrison Supermarkets in a research report on Wednesday, November 15th. Finally, Berenberg Bank restated a “sell” rating and set a GBX 200 ($2.76) target price on shares of WM Morrison Supermarkets in a research report on Friday, November 24th.

Shares of WM Morrison Supermarkets (LON:MRW) traded up GBX 0.40 ($0.01) during trading hours on Wednesday, hitting GBX 221.20 ($3.06). The stock had a trading volume of 4,300,000 shares, compared to its average volume of 7,930,000. WM Morrison Supermarkets has a one year low of GBX 205 ($2.83) and a one year high of GBX 254.40 ($3.51). The firm has a market cap of $5,210.00 and a price-to-earnings ratio of 1,474.67.

In other WM Morrison Supermarkets news, insider Rooney Anand acquired 10,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was purchased at an average price of GBX 219 ($3.03) per share, for a total transaction of £21,900 ($30,256.98).

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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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