WM Morrison Supermarkets PLC (MRW) Given Hold Rating at Deutsche Bank AG
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a report issued on Wednesday. They currently have a GBX 260 ($3.42) price objective on the grocer’s stock. Deutsche Bank AG’s target price indicates a potential upside of 24.64% from the stock’s current price.
MRW has been the topic of a number of other reports. Barclays PLC upped their target price on shares of WM Morrison Supermarkets PLC from GBX 205 ($2.70) to GBX 220 ($2.89) and gave the company an “underweight” rating in a report on Friday, September 1st. raised shares of WM Morrison Supermarkets PLC to a “hold” rating and increased their price target for the company from GBX 190 ($2.50) to GBX 240 ($3.16) in a report on Wednesday, August 2nd. Credit Suisse Group AG increased their price target on shares of WM Morrison Supermarkets PLC from GBX 240 ($3.16) to GBX 250 ($3.29) and gave the company a “neutral” rating in a report on Monday, October 2nd. Berenberg Bank started coverage on shares of WM Morrison Supermarkets PLC in a report on Tuesday, October 3rd. They issued a “sell” rating and a GBX 200 ($2.63) price target on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and issued a GBX 250 ($3.29) price target on shares of WM Morrison Supermarkets PLC in a report on Monday, October 23rd. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 228.89 ($3.01).
Shares of WM Morrison Supermarkets PLC (LON MRW) opened at GBX 208.60 ($2.74) on Wednesday. WM Morrison Supermarkets PLC has a 52 week low of GBX 210.60 ($2.77) and a 52 week high of GBX 254.40 ($3.35).
In other news, insider Belinda Richards purchased 232 shares of WM Morrison Supermarkets PLC stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of GBX 215 ($2.83) per share, for a total transaction 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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