Shares of Metro, Inc. (TSE:MRU) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$46.91.
Several research firms have commented on MRU. Barclays PLC boosted their price target on shares of Metro from C$41.00 to C$43.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 10th. Scotiabank reiterated an “outperform” rating and set a C$46.50 price target on shares of Metro in a report on Wednesday, August 10th. TD Securities boosted their price target on shares of Metro from C$44.00 to C$45.00 and gave the stock a “hold” rating in a report on Tuesday, August 16th. Desjardins upped their target price on shares of Metro from C$45.00 to C$46.00 and gave the company a “hold” rating in a report on Monday, August 15th. Finally, Raymond James Financial Inc. upped their target price on shares of Metro from C$48.00 to C$50.00 in a report on Monday, August 15th.
Metro (TSE:MRU) opened at 43.07 on Monday. Metro has a 12-month low of $35.67 and a 12-month high of $48.19. The stock has a market capitalization of $10.14 billion and a price-to-earnings ratio of 18.74. The stock’s 50 day moving average is $44.20 and its 200 day moving average is $44.40.
Metro Inc is a retailer or a distributor and operates under various banners in the supermarket and discount segments. The Company operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has over 200 discount stores operating under the Super C and Food Basics banners. The Adonis banner has over 10 stores, which offer Mediterranean and Middle-Eastern products.
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