Metro Given Average Rating of “Hold” by Analysts (TSE:MRU)
Metro (TSE:MRU) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, Analyst Ratings.Net reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$67.57.
Shares of Metro (TSE:MRU) opened at 70.94 on Monday. Metro has a 52-week low of $60.00 and a 52-week high of $73.32. The stock’s 50-day moving average is $69.16 and its 200-day moving average is $66.06. The company has a P/E ratio of 14.66.
Separately, analysts at Desjardins upgraded shares of Metro to a “buy” rating in a research note on Friday, August 15th.
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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