Deutsche Bank AG restated their hold rating on shares of WM Morrison Supermarkets PLC (LON:MRW) in a research report released on Wednesday. The brokerage currently has a GBX 260 ($3.42) target price on the grocer’s stock.
Several other analysts have also weighed in on the company. HSBC Holdings PLC reissued a hold rating and issued a GBX 240 ($3.16) target price on shares of WM Morrison Supermarkets PLC in a report on Friday, November 3rd. reissued a hold rating and issued a GBX 240 ($3.16) target price on shares of WM Morrison Supermarkets PLC in a report on Friday, November 3rd. reissued a hold rating and issued a GBX 240 ($3.16) target price on shares of WM Morrison Supermarkets PLC in a report on Friday, November 3rd. Beaufort Securities lowered their target price on WM Morrison Supermarkets PLC from GBX 260 ($3.42) to GBX 250 ($3.29) and set a buy rating on the stock in a report on Friday, November 3rd. Finally, Shore Capital reissued a house stock rating on shares of WM Morrison Supermarkets PLC in a report on Thursday, November 2nd. Eight investment 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 an average rating of Hold and a consensus price target of GBX 228.89 ($3.01).
WM Morrison Supermarkets PLC (MRW) traded up GBX 3.80 ($0.05) during trading on Wednesday, reaching GBX 210.80 ($2.77). The company’s stock had a trading volume of 7,346,563 shares, compared to its average volume of 8,350,000. WM Morrison Supermarkets PLC has a 12 month low of GBX 205 ($2.70) and a 12 month high of GBX 254.40 ($3.35).
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The company also recently disclosed a dividend, which was paid on Monday, November 6th. Stockholders of record on Thursday, September 28th were issued a GBX 1.66 ($0.02) dividend. The ex-dividend date was Thursday, September 28th. This represents a dividend yield of 0.72%.
In related news, insider Belinda Richards bought 232 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of GBX 215 ($2.83) per share, for a total transaction of £498.80 ($656.06).
WM Morrison Supermarkets PLC Company Profile
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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