WM Morrison Supermarkets (MRW) Trading Up 0%

WM Morrison Supermarkets PLC (LON:MRW) was up 0% during trading on Tuesday . The stock traded as high as GBX 222.80 ($3.00) and last traded at GBX 218.80 ($2.94). Approximately 10,922,789 shares changed hands during trading, an increase of 34% from the average daily volume of 8,160,000 shares. The stock had previously closed at GBX 218.80 ($2.94).

Several equities research analysts have commented on MRW shares. Deutsche Bank boosted their target price on shares of WM Morrison Supermarkets from GBX 225 ($3.03) to GBX 235 ($3.16) and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Credit Suisse Group restated a “neutral” rating and set a GBX 240 ($3.23) target price on shares of WM Morrison Supermarkets in a research report on Tuesday, August 29th. Barclays boosted their target price on shares of WM Morrison Supermarkets from GBX 205 ($2.76) to GBX 220 ($2.96) and gave the stock an “underweight” rating in a research report on Friday, September 1st. restated a “hold” rating on shares of WM Morrison Supermarkets in a research report on Wednesday, September 6th. Finally, BNP Paribas restated an “outperform” rating and set a GBX 270 ($3.63) target price on shares of WM Morrison Supermarkets in a research report on Wednesday, September 13th. Seven 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. WM Morrison Supermarkets presently has an average rating of “Hold” and a consensus target price of GBX 229.95 ($3.09).

The company also recently announced a dividend, which was paid on Monday, November 6th. Investors of record on Thursday, September 28th were paid a GBX 1.66 ($0.02) dividend. This represents a yield of 0.72%. The ex-dividend date was Thursday, September 28th.

In related news, insider Tony van Kralingen acquired 13,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was bought at an average price of GBX 211 ($2.84) per share, with a total value of £27,430 ($36,917.90). Also, insider Rooney Anand acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were bought at an average cost of GBX 219 ($2.95) per share, with a total value of £21,900 ($29,475.10). Insiders purchased a total of 23,232 shares of company stock valued at $4,982,880 in the last three months.

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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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