Metro, Inc. (MRU) PT Set at C$45.00 by TD Securities
Metro, Inc. (TSE:MRU) has been assigned a C$45.00 price target by research analysts at TD Securities in a research note issued to investors on Monday. The firm currently has a a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 10.43% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. Raymond James Financial Inc. upped 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 reissued a “buy” rating and issued a C$52.00 target price on shares of Metro in a report on Thursday, September 22nd. Barclays PLC boosted their target price 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. Desjardins boosted 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. Finally, Scotiabank reissued an “outperform” rating and issued a C$52.00 target price on shares of Metro in a report on Thursday, November 10th. One 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 company’s stock. The company has an average rating of “Hold” and an average price target of C$46.91.
Shares of Metro (TSE:MRU) opened at 40.75 on Monday. The stock has a market capitalization of $9.60 billion and a PE ratio of 17.73. Metro has a 52 week low of $37.63 and a 52 week high of $48.19. The company’s 50 day moving average is $41.64 and its 200-day moving average 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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