WM Morrison Supermarkets (MRW) Price Target Cut to GBX 235

WM Morrison Supermarkets (LON:MRW) had its price objective trimmed by Deutsche Bank from GBX 255 ($3.33) to GBX 235 ($3.07) in a report released on Thursday morning. The brokerage currently has a hold rating on the grocer’s stock.

Several other research firms have also commented on MRW. UBS Group dropped their target price on WM Morrison Supermarkets from GBX 295 ($3.85) to GBX 290 ($3.79) and set a buy rating on the stock in a report on Wednesday, January 2nd. HSBC dropped their target price on WM Morrison Supermarkets from GBX 300 ($3.92) to GBX 240 ($3.14) and set a buy rating on the stock in a report on Friday, January 4th. Jefferies Financial Group dropped their target price on WM Morrison Supermarkets from GBX 280 ($3.66) to GBX 265 ($3.46) and set a buy rating on the stock in a report on Friday, January 4th. Goldman Sachs Group dropped their target price on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 235 ($3.07) and set a neutral rating on the stock in a report on Monday, January 7th. Finally, JPMorgan Chase & Co. dropped their target price on WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 230 ($3.01) and set a neutral rating on the stock in a report on Friday, January 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 256.82 ($3.36).

Shares of WM Morrison Supermarkets stock traded down GBX 3.07 ($0.04) during trading hours on Thursday, reaching GBX 221.93 ($2.90). 2,849,854 shares of the company were exchanged, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a 1 year low of GBX 205 ($2.68) and a 1 year high of GBX 254.40 ($3.32).



The company also recently disclosed a dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, May 23rd will be issued a dividend of GBX 8.75 ($0.11) per share. This is a positive change from WM Morrison Supermarkets’s previous dividend of $3.85. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 3.86%.

In other news, insider Andrew Higginson acquired 63,560 shares of the company’s stock in a transaction on Thursday, January 31st. The shares were bought at an average price of GBX 236 ($3.08) per share, with a total value of £150,001.60 ($196,003.66).

About WM Morrison Supermarkets

Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.

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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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