JPMorgan Chase & Co. Reiterates Neutral Rating for WM Morrison Supermarkets (MRW)

JPMorgan Chase & Co. restated their neutral rating on shares of WM Morrison Supermarkets (LON:MRW) in a report issued on Wednesday morning. They currently have a GBX 260 ($3.53) price objective on the grocer’s stock.

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

WM Morrison Supermarkets (LON MRW) traded up GBX 1.90 ($0.03) during midday trading on Wednesday, reaching GBX 228.10 ($3.09). 10,686,684 shares of the company’s stock traded hands, compared to its average volume of 9,850,000. WM Morrison Supermarkets has a fifty-two week low of GBX 205 ($2.78) and a fifty-two week high of GBX 254.40 ($3.45). The stock has a market capitalization of $5,370.00 and a price-to-earnings ratio of 1,520.67.

In other WM Morrison Supermarkets news, insider Rooney Anand bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average cost of GBX 219 ($2.97) per share, for a total transaction of £21,900 ($29,698.94). Also, insider Tony van Kralingen bought 13,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average price of GBX 211 ($2.86) per share, with a total value of £27,430 ($37,198.26). Insiders have purchased 23,232 shares of company stock valued at $4,982,880 over 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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