WM Morrison Supermarkets PLC (LON:MRW)’s share price was down 0.2% during trading on Monday . The stock traded as low as GBX 213.30 ($2.87) and last traded at GBX 214 ($2.88). Approximately 7,527,285 shares were traded during trading, a decline of 8% from the average daily volume of 8,160,000 shares. The stock had previously closed at GBX 214.50 ($2.89).
Several equities analysts recently commented on MRW shares. Beaufort Securities cut their price target on shares of WM Morrison Supermarkets from GBX 260 ($3.50) to GBX 250 ($3.36) and set a “buy” rating on the stock in a report on Friday, November 3rd. Deutsche Bank restated a “hold” rating and issued a GBX 260 ($3.50) target price on shares of WM Morrison Supermarkets in a research note on Thursday, September 21st. restated a “hold” rating and issued a GBX 240 ($3.23) target price on shares of WM Morrison Supermarkets in a research note on Friday, September 15th. Jefferies Group restated a “hold” rating and issued a GBX 250 ($3.36) target price on shares of WM Morrison Supermarkets in a research note on Monday, October 23rd. Finally, restated a “hold” rating and issued a GBX 240 ($3.23) target price on shares of WM Morrison Supermarkets in a research note on Friday, November 3rd. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. WM Morrison Supermarkets presently has an average rating of “Hold” and a consensus target price of GBX 229.95 ($3.09).
The firm also recently declared a dividend, which was paid on Monday, November 6th. Stockholders of record on Thursday, September 28th were given a GBX 1.66 ($0.02) dividend. The ex-dividend date was Thursday, September 28th. This represents a dividend yield of 0.72%.
In other news, insider Belinda Richards bought 232 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of GBX 215 ($2.89) per share, with a total value of £498.80 ($671.33). Also, insider Rooney Anand bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average cost of GBX 219 ($2.95) per share, with a total value of £21,900 ($29,475.10). Insiders bought a total of 23,232 shares of company stock valued at $4,982,880 in the last ninety days.
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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