WM Morrison Supermarkets PLC (LON:MRW) insider Andrew Higginson purchased 21,340 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was bought at an average cost of GBX 186 ($2.29) per share, with a total value of £39,692.40 ($48,846.17).
MRW stock opened at GBX 188.10 ($2.31) on Monday. The stock has a 50-day moving average price of GBX 186.75 and a two-hundred day moving average price of GBX 184.69. WM Morrison Supermarkets PLC has a 12-month low of GBX 1.88 ($0.02) and a 12-month high of GBX 211.40 ($2.60). The company has a current ratio of 0.39, a quick ratio of 0.16 and a debt-to-equity ratio of 60.87. The company has a market cap of $4.52 billion and a PE ratio of 13.06.
A number of equities analysts have recently weighed in on MRW shares. JPMorgan Chase & Co. cut their price target on WM Morrison Supermarkets from GBX 200 ($2.46) to GBX 175 ($2.15) and set a “neutral” rating for the company in a report on Tuesday, May 19th. Barclays reaffirmed an “underweight” rating on shares of WM Morrison Supermarkets in a research report on Friday, May 22nd. Berenberg Bank raised WM Morrison Supermarkets to a “buy” rating and lifted their price objective for the company from GBX 200 ($2.46) to GBX 213 ($2.62) in a research report on Tuesday, April 28th. Credit Suisse Group lowered their price objective on WM Morrison Supermarkets from GBX 231 ($2.84) to GBX 221 ($2.72) and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of WM Morrison Supermarkets in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 206.30 ($2.54).
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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