WM Morrison Supermarkets (MRW) Upgraded at Goldman Sachs Group

Goldman Sachs Group upgraded shares of WM Morrison Supermarkets (LON:MRW) to a neutral rating in a research report released on Tuesday. Goldman Sachs Group currently has GBX 210 ($2.83) price target on the grocer’s stock, up from their prior price target of GBX 195 ($2.62).

Other analysts have also recently issued reports about the company. Morgan Stanley raised their price target on WM Morrison Supermarkets from GBX 170 ($2.29) to GBX 210 ($2.83) and gave the company 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 issued a GBX 240 ($3.23) price target on shares of WM Morrison Supermarkets in a report on Friday, November 3rd. HSBC reissued a hold rating and issued a GBX 240 ($3.23) price target on shares of WM Morrison Supermarkets in a report on Friday, November 3rd. Finally, reissued a hold rating and issued a GBX 240 ($3.23) price target on shares of WM Morrison Supermarkets in a report on Friday, September 15th. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. WM Morrison Supermarkets presently has a consensus rating of Hold and a consensus price target of GBX 229.95 ($3.09).

Shares of WM Morrison Supermarkets (LON:MRW) opened at GBX 222.27 ($2.99) on Tuesday. WM Morrison Supermarkets has a 1 year low of GBX 205 ($2.76) and a 1 year high of GBX 254.40 ($3.42).

In related news, insider Rooney Anand purchased 10,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average price of GBX 219 ($2.95) per share, with a total value of £21,900 ($29,475.10). Also, insider Tony van Kralingen purchased 13,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of GBX 211 ($2.84) per share, with a total value of £27,430 ($36,917.90). Insiders have acquired 23,232 shares of company stock valued at $4,982,880 in the last three months.

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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.

Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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