WM Morrison Supermarkets PLC (LON:MRW) insider Kevin Havelock purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, April 10th. The stock was acquired at an average cost of GBX 226 ($3.19) per share, with a total value of £226,000 ($319,434.63).
Shares of LON:MRW opened at GBX 230.10 ($3.25) on Friday. WM Morrison Supermarkets PLC has a fifty-two week low of GBX 205 ($2.90) and a fifty-two week high of GBX 254.40 ($3.60).
The company also recently disclosed a dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, May 24th will be given a GBX 8.43 ($0.12) dividend. The ex-dividend date is Thursday, May 24th. This is an increase from WM Morrison Supermarkets’s previous dividend of $1.66. This represents a yield of 4%.
Several research analysts have recently commented on the stock. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 245 ($3.46) price target on shares of WM Morrison Supermarkets in a report on Wednesday, February 7th. UBS decreased their price target on shares of WM Morrison Supermarkets from GBX 240 ($3.39) to GBX 230 ($3.25) and set a “neutral” rating for the company in a report on Friday, January 5th. Goldman Sachs reaffirmed a “neutral” rating on shares of WM Morrison Supermarkets in a report on Thursday, January 4th. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 200 ($2.83) price target on shares of WM Morrison Supermarkets in a report on Thursday, March 15th. Finally, JPMorgan Chase reaffirmed a “neutral” rating and issued a GBX 260 ($3.67) price target on shares of WM Morrison Supermarkets in a report on Wednesday, January 10th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. WM Morrison Supermarkets currently has a consensus rating of “Hold” and a consensus price target of GBX 229.69 ($3.25).
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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.
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