Metro, Inc. (TSE:MRU)‘s stock had its “buy” rating restated by stock analysts at Dundee Securities in a research note issued on Thursday. They presently have a C$52.00 target price on the stock. Dundee Securities’ target price points to a potential upside of 17.94% from the company’s previous close.
Several other brokerages have also recently weighed in on MRU. Scotiabank reaffirmed an “outperform” rating and issued a C$46.50 target price on shares of Metro in a report on Wednesday, August 10th. TD Securities reaffirmed a “hold” rating and issued a C$44.00 target price on shares of Metro in a report on Wednesday, August 10th. Barclays PLC raised their target price on shares of Metro from C$41.00 to C$43.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. National Bank Financial raised their target price on shares of Metro from C$44.00 to C$46.00 and gave the company a “sector perform” rating in a report on Saturday, August 6th. Finally, CSFB increased their price target on shares of Metro from C$37.00 to C$38.00 and gave the company an “underperform” rating in a research note on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Metro presently has a consensus rating of “Hold” and a consensus target price of C$46.91.
Shares of Metro (TSE:MRU) opened at 44.09 on Thursday. The firm has a market capitalization of $10.38 billion and a PE ratio of 19.19. The firm’s 50-day moving average is $44.73 and its 200 day moving average is $44.40. Metro has a 52 week low of $35.61 and a 52 week high of $48.19.
Metro Company Profile
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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