WM Morrison Supermarkets (MRW) Rating Reiterated by Citigroup

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WM Morrison Supermarkets (LON:MRW)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup in a research report issued on Thursday.

MRW has been the subject of a number of other research reports. UBS Group cut their target price on shares of WM Morrison Supermarkets from GBX 290 ($3.79) to GBX 285 ($3.72) and set a “buy” rating for the company in a research note on Wednesday, January 9th. JPMorgan Chase & Co. cut their target price on shares of WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 230 ($3.01) and set a “neutral” rating for the company in a research note on Friday, January 11th. Morgan Stanley started coverage on shares of WM Morrison Supermarkets in a research note on Thursday, February 7th. They set an “equal weight” rating for the company. Berenberg Bank cut their target price on shares of WM Morrison Supermarkets from GBX 285 ($3.72) to GBX 265 ($3.46) and set a “buy” rating for the company in a research note on Thursday, February 21st. Finally, Shore Capital restated a “house stock” rating on shares of WM Morrison Supermarkets in a research note on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 256.82 ($3.36).

LON MRW opened at GBX 225.60 ($2.95) on Thursday. WM Morrison Supermarkets has a 52-week low of GBX 205 ($2.68) and a 52-week high of GBX 254.40 ($3.32).

In other WM Morrison Supermarkets news, insider Andrew Higginson purchased 63,560 shares of the stock in a transaction that occurred on Thursday, January 31st. The shares were acquired at an average cost 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.

See Also: Percentage Decliners

Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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