WM Morrison Supermarkets (MRW) PT Lowered to GBX 230 at UBS Group

WM Morrison Supermarkets (LON:MRW) had its price objective cut by UBS Group from GBX 240 ($3.21) to GBX 230 ($3.08) in a research note issued to investors on Friday morning, www.digitallook.com reports. They currently have a neutral rating on the grocer’s stock.

MRW has been the subject of a number of other research reports. Deutsche Bank reiterated a hold rating and set a GBX 260 ($3.48) target price on shares of WM Morrison Supermarkets in a report on Thursday, September 28th. Goldman Sachs Group upgraded WM Morrison Supermarkets to a neutral rating and boosted their target price for the stock from GBX 195 ($2.61) to GBX 210 ($2.81) in a report on Tuesday, December 5th. restated a hold rating and issued a GBX 240 ($3.21) price target on shares of WM Morrison Supermarkets in a report on Friday, September 15th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 260 ($3.48) price target on shares of WM Morrison Supermarkets in a report on Friday, September 15th. Finally, Barclays decreased their price target on WM Morrison Supermarkets from GBX 220 ($2.94) to GBX 215 ($2.87) and set an underweight rating for the company in a report on Friday, September 15th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 228.63 ($3.06).

Shares of WM Morrison Supermarkets (MRW) opened at GBX 224.40 ($3.00) on Friday. WM Morrison Supermarkets has a fifty-two week low of GBX 205 ($2.74) and a fifty-two week high of GBX 254.40 ($3.40). The stock has a market capitalization of $5,290.00 and a PE ratio of 1,496.00.

In other news, insider Tony van Kralingen purchased 13,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average cost of GBX 211 ($2.82) per share, with a total value of £27,430 ($36,676.03). Also, insider Belinda Richards purchased 232 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of GBX 215 ($2.87) per share, for a total transaction of £498.80 ($666.93). Over the last three months, insiders have purchased 23,232 shares of company stock worth $4,982,880.

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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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