Metro, Inc. (MRU) Given “Buy” Rating at Dundee Securities
Metro, Inc. (TSE:MRU)‘s stock had its “buy” rating reaffirmed by stock analysts at Dundee Securities in a report issued on Thursday. They currently have a C$52.00 price target on the stock. Dundee Securities’ target price would indicate a potential upside of 19.18% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Raymond James Financial Inc. raised their price target on shares of Metro from C$48.00 to C$50.00 in a research report on Monday, August 15th. Barclays PLC raised 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 research report on Wednesday, August 10th. TD Securities restated a “hold” rating and issued a C$44.00 target price on shares of Metro in a report on Wednesday, August 10th. Desjardins raised their target price on shares of Metro from C$45.00 to C$46.00 and gave the stock a “hold” rating in a report on Monday, August 15th. Finally, Scotiabank raised their target price on shares of Metro from C$46.50 to C$52.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$46.91.
Shares of Metro (TSE:MRU) traded up 0.53% during midday trading on Thursday, reaching $43.86. 124,883 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $44.90 and a 200-day moving average of $44.40. Metro has a one year low of $35.61 and a one year high of $48.19. The stock has a market cap of $10.33 billion and a price-to-earnings ratio of 19.09.
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Metro Company Profile
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.
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