Metro Upgraded by HSBC to Neutral (MRU)
Metro (TSE:MRU) was upgraded by stock analysts at HSBC to a “neutral” rating in a report issued on Monday, ARN reports.
Metro (TSE:MRU) traded up 0.50% during mid-day trading on Monday, hitting $66.00. The stock had a trading volume of 295,050 shares. Metro has a 52 week low of $60.00 and a 52 week high of $75.81. The stock’s 50-day moving average is $70.31 and its 200-day moving average is $68.0. The company has a price-to-earnings ratio of 8.73.
Metro (TSE:MRU) last announced its earnings results on Wednesday, November 13th. The company reported $1.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.23 by $0.10.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Metro in a research note to investors on Friday, November 15th. Separately, analysts at CIBC reiterated a “sector perform” rating on shares of Metro in a research note to investors on Friday, November 15th. They now have a C$69.00 price target on the stock. Finally, analysts at Barclays downgraded shares of Metro from an “equal weight” rating to an “underweight” rating in a research note to investors on Friday, November 15th. They now have a C$58.00 price target on the stock, down previously from C$68.00. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Metro currently has an average rating of “Hold” and an average target price of C$67.56.
Metro, Inc is a food retailer and distributor in Quebec and Ontario, where it operates a network of 564 supermarkets under several banners, including Metro, Metro Plus, Super C and Food Basics, as well as 257 pharmacies, mainly under the Brunet, Pharmacy and Drug Basics banners.
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