Metro, Inc. (MRU) Stock Rating Upgraded by Desjardins
Metro, Inc. (TSE:MRU) was upgraded by research analysts at Desjardins from a “hold” rating to a “buy” rating in a research note issued on Thursday.
Several other brokerages have also recently issued reports on MRU. CIBC cut Metro from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$47.00 to C$46.00 in a research note on Monday, August 15th. Barclays PLC lifted their price objective on Metro from C$41.00 to C$43.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Scotiabank boosted their target price on Metro from C$46.50 to C$52.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 16th. Dundee Securities restated a “buy” rating and set a C$52.00 target price on shares of Metro in a research note on Thursday, September 22nd. Finally, 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 note on Monday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$45.82.
Metro (TSE:MRU) opened at 41.11 on Thursday. The firm has a market cap of $9.68 billion and a P/E ratio of 17.89. Metro has a one year low of $37.75 and a one year high of $48.19. The company has a 50-day moving average of $41.50 and a 200 day moving average of $44.04.
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.
Receive News & Stock Ratings for Metro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Inc. and related stocks with our FREE daily email newsletter.