Metro, Inc. (TSE:MRU) has earned an average rating of “Hold” from the eleven research firms that are covering the firm. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$46.91.
A number of equities analysts have weighed in on the stock. Dundee Securities reissued a “buy” rating and issued a C$52.00 price objective on shares of Metro in a research report on Thursday. TD Securities upped their price objective on shares of Metro from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Tuesday, August 16th. Scotiabank upped their price objective on shares of Metro from C$46.50 to C$52.00 and gave the company an “outperform” rating in a research report on Tuesday, August 16th. Raymond James Financial Inc. upped their price objective on shares of Metro from C$48.00 to C$50.00 in a research report on Monday, August 15th. Finally, Desjardins increased their price target on shares of Metro from C$45.00 to C$46.00 and gave the stock a “hold” rating in a research report on Monday, August 15th.
Metro (TSE:MRU) traded down 0.75% during mid-day trading on Monday, reaching $43.76. The company’s stock had a trading volume of 257,574 shares. The stock’s 50 day moving average price is $44.73 and its 200 day moving average price is $44.40. The stock has a market capitalization of $10.30 billion and a P/E ratio of 19.04. Metro has a 1-year low of $35.61 and a 1-year 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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