WM Morrison Supermarkets (MRW) Trading 0% Higher

Shares of WM Morrison Supermarkets PLC (LON:MRW) traded up 0% on Monday . The company traded as high as GBX 227.32 ($3.08) and last traded at GBX 226.90 ($3.08). 14,138,809 shares changed hands during trading, an increase of 60% from the average session volume of 8,810,000 shares. The stock had previously closed at GBX 226.90 ($3.08).

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of WM Morrison Supermarkets from GBX 170 ($2.31) to GBX 210 ($2.85) and gave the stock an “underweight” rating in a report on Wednesday, September 20th. Shore Capital Group reissued a “house stock” rating on shares of WM Morrison Supermarkets in a report on Thursday, November 2nd. reissued a “hold” rating and set a GBX 240 ($3.25) price objective on shares of WM Morrison Supermarkets in a report on Friday, November 3rd. HSBC reissued a “hold” rating and set a GBX 240 ($3.25) price objective on shares of WM Morrison Supermarkets in a report on Friday, November 3rd. Finally, Deutsche Bank reissued a “hold” rating on shares of WM Morrison Supermarkets in a report on Monday. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. WM Morrison Supermarkets presently has an average rating of “Hold” and an average target price of GBX 228.63 ($3.10).

The firm has a market cap of $5,340.00 and a PE ratio of 1,512.67.

In other WM Morrison Supermarkets news, insider Belinda Richards acquired 232 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of GBX 215 ($2.92) per share, for a total transaction of £498.80 ($676.43). Also, insider Tony van Kralingen acquired 13,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of GBX 211 ($2.86) per share, for a total transaction of £27,430 ($37,198.26). Insiders purchased a total of 23,232 shares of company stock worth $4,982,880 over the last quarter.

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WM Morrison Supermarkets 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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