Metro, Inc. (MRU) PT Lowered to C$43.00
Metro, Inc. (TSE:MRU) had its target price cut by research analysts at Royal Bank Of Canada from C$46.00 to C$43.00 in a note issued to investors on Friday. Royal Bank Of Canada’s target price would suggest a potential upside of 3.39% from the company’s current price.
Several other equities analysts have also recently issued reports on MRU. National Bank Financial lifted their price objective on Metro from C$44.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Saturday, August 6th. 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 reiterated an “outperform” rating and issued a C$46.50 price objective on shares of Metro in a research note on Wednesday, August 10th. TD Securities reiterated a “hold” rating and issued a C$44.00 price objective on shares of Metro in a research note on Wednesday, August 10th. Finally, 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. One equities 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 company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$45.82.
Shares of Metro (TSE:MRU) opened at 41.59 on Friday. The stock’s 50 day moving average price is $41.44 and its 200-day moving average price is $44.02. Metro has a 52 week low of $37.75 and a 52 week high of $48.19. The stock has a market cap of $9.79 billion and a price-to-earnings ratio of 18.10.
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.