WM Morrison Supermarkets’ (MRW) Underweight Rating Reiterated at Barclays

Barclays reiterated their underweight rating on shares of WM Morrison Supermarkets (LON:MRW) in a research note issued to investors on Friday. Barclays currently has a GBX 215 ($2.92) price target on the grocer’s stock.

MRW has been the subject of a number of other research reports. Deutsche Bank restated a hold rating and issued a GBX 260 ($3.53) target price on shares of WM Morrison Supermarkets in a research note on Wednesday, November 15th. Jefferies Group restated a hold rating and issued a GBX 250 ($3.39) target price on shares of WM Morrison Supermarkets in a research note on Monday, October 23rd. Berenberg Bank initiated coverage on WM Morrison Supermarkets in a research note on Tuesday, October 3rd. They issued a sell rating and a GBX 200 ($2.71) target price for the company. Credit Suisse Group raised their target price on WM Morrison Supermarkets from GBX 240 ($3.25) to GBX 250 ($3.39) and gave the company a neutral rating in a research note on Monday, October 2nd. Finally, UBS Group lowered their target price on WM Morrison Supermarkets from GBX 240 ($3.25) to GBX 230 ($3.12) and set a neutral rating for the company in a research note on Friday, January 5th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 230.29 ($3.12).

WM Morrison Supermarkets (LON:MRW) opened at GBX 229.10 ($3.11) on Friday. The company has a market capitalization of $5,370.00 and a P/E ratio of 1,527.33. WM Morrison Supermarkets has a one year low of GBX 205 ($2.78) and a one year high of GBX 254.40 ($3.45).

In other WM Morrison Supermarkets news, insider Rooney Anand purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was purchased at an average price of GBX 219 ($2.97) per share, for a total transaction of £21,900 ($29,698.94). Also, insider Belinda Richards purchased 232 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of GBX 215 ($2.92) per share, with a total value of £498.80 ($676.43). Insiders bought 23,232 shares of company stock valued at $4,982,880 in the last 90 days.

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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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