Metro Receives Consensus Recommendation of “Hold” from Analysts (TSE:MRU)
Shares of Metro (TSE:MRU) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, American Banking News.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$67.57.
Shares of Metro (TSE:MRU) traded up 1.38% during mid-day trading on Monday, hitting $71.91. The stock had a trading volume of 107,329 shares. Metro has a 52-week low of $60.00 and a 52-week high of $72.59. The stock’s 50-day moving average is $68.45 and its 200-day moving average is $65.83. The company has a price-to-earnings ratio of 14.69.
Separately, analysts at Desjardins upgraded shares of Metro to a “buy” rating in a research note on Friday.
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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