Metro, Inc. (MRU) Stock Rating Reaffirmed by Royal Bank Of Canada
Metro, Inc. (TSE:MRU)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Thursday. They presently have a C$49.00 target price on the stock, up from their prior target price of C$46.00. Royal Bank Of Canada’s price objective would suggest a potential upside of 19.19% from the company’s current price.
Several other research firms also recently issued reports on MRU. Scotiabank reiterated an “outperform” rating and set a C$46.50 price objective on shares of Metro in a research report on Wednesday, August 10th. Dundee Securities reiterated a “buy” rating and set a C$52.00 price objective on shares of Metro in a research report on Thursday, September 22nd. TD Securities reiterated a “hold” rating and set a C$45.00 price objective on shares of Metro in a research report on Monday, November 14th. CIBC cut shares of Metro from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$47.00 to C$46.00 in a research report on Monday, August 15th. Finally, Barclays PLC increased their price objective 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$45.82.
Shares of Metro (TSE:MRU) opened at 41.11 on Thursday. Metro has a 12-month low of $37.75 and a 12-month high of $48.19. The stock has a 50 day moving average price of $41.50 and a 200-day moving average price of $44.04. The stock has a market cap of $9.68 billion and a price-to-earnings ratio of 17.89.
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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