Shares of WM Morrison Supermarkets PLC (LON:MRW) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 248.75 ($3.25).
Several research analysts have commented on MRW shares. Berenberg Bank cut their price objective on WM Morrison Supermarkets from GBX 285 ($3.72) to GBX 265 ($3.46) and set a “buy” rating on the stock in a research report on Thursday, February 21st. Barclays cut their price objective on WM Morrison Supermarkets from GBX 225 ($2.94) to GBX 205 ($2.68) and set an “underweight” rating on the stock in a research report on Friday, March 22nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 265 ($3.46) price objective on shares of WM Morrison Supermarkets in a research report on Monday, April 29th. Citigroup reissued a “neutral” rating on shares of WM Morrison Supermarkets in a research report on Thursday, March 14th. Finally, Sanford C. Bernstein lowered WM Morrison Supermarkets to a “market perform” rating and cut their price objective for the company from GBX 280 ($3.66) to GBX 240 ($3.14) in a research report on Thursday, March 28th.
In other WM Morrison Supermarkets news, insider Trevor Strain sold 200,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of GBX 213 ($2.78), for a total value of £426,000 ($556,644.45).
WM Morrison Supermarkets Company Profile
Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.
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