WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “hold” rating reiterated by Deutsche Bank AG in a research note issued to investors on Wednesday. They currently have a GBX 260 ($3.42) price objective on the grocer’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 24.16% from the stock’s current price.
A number of other brokerages have also recently commented on MRW. Credit Suisse Group reissued a “neutral” rating and issued a GBX 240 ($3.16) price objective on shares of WM Morrison Supermarkets PLC in a research note on Tuesday, August 29th. reissued a “reduce” rating and issued a GBX 190 ($2.50) price objective on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, July 19th. Barclays PLC lifted their price objective on shares of WM Morrison Supermarkets PLC from GBX 205 ($2.70) to GBX 220 ($2.89) and gave the stock an “underweight” rating in a research note on Friday, September 1st. BNP Paribas reissued an “outperform” rating and issued a GBX 270 ($3.55) price objective on shares of WM Morrison Supermarkets PLC in a research note on Wednesday, September 13th. Finally, Berenberg Bank began coverage on shares of WM Morrison Supermarkets PLC in a research note on Tuesday, October 3rd. They issued a “sell” rating and a GBX 200 ($2.63) price objective for the company. Eight equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. WM Morrison Supermarkets PLC has an average rating of “Hold” and a consensus target price of GBX 228.89 ($3.01).
Shares of WM Morrison Supermarkets PLC (LON MRW) traded down GBX 1.40 ($0.02) during trading hours on Wednesday, hitting GBX 209.40 ($2.75). 5,775,876 shares of the company’s stock were exchanged, compared to its average volume of 8,410,000. WM Morrison Supermarkets PLC has a 1-year low of GBX 205 ($2.70) and a 1-year high of GBX 254.40 ($3.35).
In other news, insider Belinda Richards acquired 232 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of GBX 215 ($2.83) per share, with a total value of £498.80 ($656.06).
About WM Morrison Supermarkets PLC
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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