Dundee Securities Reaffirms “Buy” Rating for Metro, Inc. (MRU)
Metro, Inc. (TSE:MRU)‘s stock had its “buy” rating reissued by stock analysts at Dundee Securities in a research report issued on Thursday, StockTargetPrices.com reports. They currently have a C$52.00 price target on the stock. Dundee Securities’ price objective would indicate a potential upside of 19.18% from the company’s current price.
Several other brokerages have also recently weighed in on MRU. Scotiabank reiterated an “outperform” rating and set a C$46.50 price target 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 target on shares of Metro in a report on Wednesday, August 10th. Barclays PLC lifted their price target on shares of Metro from C$41.00 to C$43.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. National Bank Financial lifted their price target on shares of Metro from C$44.00 to C$46.00 and gave the company a “sector perform” rating in a report on Saturday, August 6th. Finally, CSFB lifted their price target on shares of Metro from C$37.00 to C$38.00 and gave the company an “underperform” rating in a report on Monday, August 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Metro has a consensus rating of “Hold” and an average target price of C$46.91.
Shares of Metro (TSE:MRU) traded up 0.62% on Thursday, reaching $43.90. 137,582 shares of the company traded hands. Metro has a 1-year low of $35.61 and a 1-year high of $48.19. The firm has a market capitalization of $10.34 billion and a P/E ratio of 19.10. The stock has a 50-day moving average price of $44.90 and a 200 day moving average price of $44.40.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/dundee-securities-reaffirms-buy-rating-for-metro-inc-mru.html
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.