WM Morrison Supermarkets (LON:MRW) was upgraded by investment analysts at Goldman Sachs Group to a “neutral” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a GBX 210 ($2.83) price objective on the grocer’s stock, up from their previous price objective of GBX 195 ($2.62). Goldman Sachs Group’s price target would indicate a potential downside of 5.53% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Berenberg Bank restated a “sell” rating and issued a GBX 200 ($2.69) target price on shares of WM Morrison Supermarkets in a report on Friday, November 24th. Deutsche Bank restated a “hold” rating on shares of WM Morrison Supermarkets in a report on Tuesday, November 21st. Shore Capital Group restated a “house stock” rating on shares of WM Morrison Supermarkets in a report on Thursday, November 2nd. HSBC restated a “hold” rating and issued a GBX 240 ($3.23) target price on shares of WM Morrison Supermarkets in a report on Friday, November 3rd. Finally, restated a “hold” rating and issued a GBX 240 ($3.23) target price on shares of WM Morrison Supermarkets in a report on Friday, November 3rd. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. WM Morrison Supermarkets presently has an average rating of “Hold” and a consensus price target of GBX 229.95 ($3.09).

WM Morrison Supermarkets (MRW) opened at GBX 222.30 ($2.99) on Tuesday. WM Morrison Supermarkets has a one year low of GBX 205 ($2.76) and a one year high of GBX 254.40 ($3.42).

In related news, insider Rooney Anand purchased 10,000 shares of WM Morrison Supermarkets stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of GBX 219 ($2.95) per share, for a total transaction of £21,900 ($29,475.10). Also, insider Tony van Kralingen purchased 13,000 shares of WM Morrison Supermarkets stock in a transaction on Friday, November 17th. The stock was bought at an average price of GBX 211 ($2.84) per share, for a total transaction of £27,430 ($36,917.90). In the last 90 days, insiders have purchased 23,232 shares of company stock worth $4,982,880.

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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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