Metro, Inc. (TSE:MRU) had its price objective trimmed by Eight Capital from C$47.00 to C$45.00 in a report released on Tuesday. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently commented on the company. TD Securities cut Metro from a buy rating to a hold rating and decreased their price objective for the company from C$49.00 to C$44.00 in a report on Tuesday, September 5th. Desjardins boosted their price objective on Metro from C$48.00 to C$50.00 in a report on Friday, September 29th. CIBC decreased their price objective on Metro from C$48.00 to C$46.00 in a report on Wednesday, August 16th. BMO Capital Markets decreased their price objective on Metro from C$53.00 to C$51.00 in a report on Wednesday, August 16th. Finally, Barclays PLC decreased their price objective on Metro from C$45.00 to C$44.00 in a report on Monday, August 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Metro has an average rating of Buy and an average target price of C$47.70.

Metro (TSE MRU) opened at 42.28 on Tuesday. The firm has a market cap of $9.60 billion and a P/E ratio of 16.85. The firm’s 50-day moving average price is $41.07 and its 200 day moving average price is $42.83. Metro has a 52 week low of $38.00 and a 52 week high of $47.41.

TRADEMARK VIOLATION WARNING: “Eight Capital Cuts Metro, Inc. (MRU) Price Target to C$45.00” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/10/06/eight-capital-cuts-metro-inc-mru-price-target-to-c45-00.html.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, October 27th will be paid a dividend of $0.162 per share. The ex-dividend date is Thursday, October 26th. This represents a $0.65 annualized dividend and a yield of 1.53%.

About Metro

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.

Analyst Recommendations for Metro (TSE:MRU)

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.