Scotiabank Reiterates Outperform Rating for Metro, Inc. (MRU)
Metro, Inc. (TSE:MRU)‘s stock had its “outperform” rating reiterated by Scotiabank in a research note issued to investors on Thursday. They presently have a C$52.00 target price on the stock. Scotiabank’s target price would indicate a potential upside of 26.49% from the company’s current price.
Several other equities analysts also recently commented on the stock. CIBC dropped their price target on shares of Metro from C$46.00 to C$43.00 in a research note on Thursday. Dundee Securities restated a “buy” rating and issued a C$52.00 price target on shares of Metro in a research note on Thursday, September 22nd. TD Securities restated a “hold” rating and issued a C$45.00 price target on shares of Metro in a research note on Monday, November 14th. Barclays PLC boosted their price target on shares of 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. Finally, Desjardins boosted their price target on shares of Metro from C$45.00 to C$46.00 and gave the stock a “hold” rating in a research note on Monday, August 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$45.82.
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 firm’s 50 day moving average price is $41.50 and its 200 day moving average price is $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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