Brokerages Set WM Morrison Supermarkets PLC (MRW) Price Target at $197.75

Shares of WM Morrison Supermarkets PLC (LON:MRW) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 197.75 ($2.49).

Several brokerages have commented on MRW. Deutsche Bank AG raised their price objective on WM Morrison Supermarkets PLC from GBX 210 ($2.64) to GBX 225 ($2.83) and gave the company a “hold” rating in a report on Thursday, March 23rd. HSBC Holdings plc reissued a “buy” rating and issued a GBX 200 ($2.51) price objective on shares of WM Morrison Supermarkets PLC in a report on Wednesday, March 22nd. Goldman Sachs Group Inc reissued a “sell” rating and issued a GBX 190 ($2.39) price objective on shares of WM Morrison Supermarkets PLC in a report on Wednesday, March 22nd. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 200 ($2.51) price objective on shares of WM Morrison Supermarkets PLC in a report on Monday, March 20th. Finally, BNP Paribas reissued a “neutral” rating and issued a GBX 235 ($2.95) price objective on shares of WM Morrison Supermarkets PLC in a report on Friday, March 17th.

WM Morrison Supermarkets PLC (LON:MRW) opened at 236.80 on Thursday. WM Morrison Supermarkets PLC has a 12 month low of GBX 168.50 and a 12 month high of GBX 250.00. The company’s market cap is GBX 5.50 billion. The firm has a 50-day moving average price of GBX 242.19 and a 200 day moving average price of GBX 228.70.

The business also recently disclosed a dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, May 25th will be given a dividend of GBX 3.85 ($0.05) per share. This is an increase from WM Morrison Supermarkets PLC’s previous dividend of $1.58. The ex-dividend date is Thursday, May 25th. This represents a yield of 1.67%.

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In related news, insider Neil Davidson acquired 12,800 shares of WM Morrison Supermarkets PLC stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average price of GBX 235 ($2.95) per share, for a total transaction of £30,080 ($37,803.19). Also, insider Paula Vennells acquired 12,745 shares of WM Morrison Supermarkets PLC stock in a transaction that occurred on Friday, March 10th. The shares were bought at an average price of GBX 234 ($2.94) per share, for a total transaction of £29,823.30 ($37,480.58).

About WM Morrison Supermarkets PLC

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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