Metro, Inc. (MRU) Price Target Cut to C$43.00 by Analysts at CIBC
Several other equities research analysts also recently weighed in on MRU. Scotiabank reaffirmed an outperform rating and set a C$46.50 target price on shares of Metro in a research note on Wednesday, August 10th. Dundee Securities reiterated a buy rating and set a C$52.00 price target on shares of Metro in a report on Thursday, September 22nd. TD Securities reiterated a hold rating and set a C$45.00 price target on shares of Metro in a report on Monday. Barclays PLC upped 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. Finally, Desjardins upped their target price on shares of Metro from C$45.00 to C$46.00 and gave the company a hold rating in a report on Monday, August 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of C$45.82.
Metro (TSE:MRU) traded down 1.52% during trading on Thursday, hitting $41.53. 103,128 shares of the stock were exchanged. Metro has a 12 month low of $37.75 and a 12 month high of $48.19. The stock’s 50 day moving average price is $41.55 and its 200 day moving average price is $44.03. The stock has a market cap of $9.76 billion and a P/E ratio of 17.38.
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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