Brokerages Set Metro, Inc. (TSE:MRU) PT at $46.91
Shares of Metro, Inc. (TSE:MRU) have been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$46.91.
MRU has been the topic of several research analyst reports. Raymond James Financial Inc. increased their price target on shares of Metro from C$48.00 to C$50.00 in a research report on Monday, August 15th. Dundee Securities reaffirmed a “buy” rating and set a C$52.00 price target on shares of Metro in a research report on Thursday, September 22nd. Barclays PLC increased 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 research report on Wednesday, August 10th. TD Securities reissued a “hold” rating and issued a C$44.00 target price on shares of Metro in a report on Wednesday, August 10th. Finally, Desjardins raised their target price on shares of Metro from C$45.00 to C$46.00 and gave the stock a “hold” rating in a report on Monday, August 15th.
Shares of Metro (TSE:MRU) opened at 43.46 on Monday. The firm has a market cap of $10.23 billion and a PE ratio of 18.91. Metro has a 12-month low of $35.67 and a 12-month high of $48.19. The company has a 50 day moving average price of $44.42 and a 200-day moving average price of $44.41.
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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