Metro’s (MRU) Outperform Rating Reiterated at Scotiabank
A number of other research firms have also weighed in on MRU. CIBC lowered Metro from an outperform rating to a sector perform rating and dropped their price objective for the stock from C$47.00 to C$46.00 in a research note on Monday, August 15th. Barclays PLC upped their price objective on Metro from C$41.00 to C$43.00 and gave the stock an equal weight rating in a research note on Wednesday, August 10th. Dundee Securities reiterated a buy rating and issued a C$52.00 target price on shares of Metro in a research report on Thursday, September 22nd. CSFB boosted their target price on Metro from C$37.00 to C$38.00 and gave the stock an underperform rating in a research report on Monday, August 15th. Finally, Raymond James Financial Inc. boosted their target price on Metro from C$48.00 to C$50.00 in a research report on Monday, August 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Metro presently has an average rating of Hold and a consensus target price of C$46.91.
Metro (TSE:MRU) opened at 39.72 on Thursday. The company has a market capitalization of $9.35 billion and a price-to-earnings ratio of 17.28. Metro has a 52-week low of $37.06 and a 52-week high of $48.19. The company’s 50-day moving average price is $41.72 and its 200 day moving average price is $44.07.
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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