Metro, Inc. (TSE:MRU) Receives Consensus Recommendation of “Buy” from Analysts
Metro, Inc. (TSE:MRU) has earned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$49.08.
Several research analysts have issued reports on MRU shares. Royal Bank Of Canada increased their target price on shares of Metro from C$49.00 to C$50.00 in a report on Wednesday, April 26th. BMO Capital Markets upgraded shares of Metro from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$42.00 to C$53.00 in a report on Wednesday, April 26th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$50.00 target price on shares of Metro in a report on Wednesday, April 19th. TD Securities upgraded shares of Metro from a “hold” rating to a “buy” rating and increased their target price for the stock from C$45.00 to C$52.00 in a report on Wednesday, April 26th. Finally, National Bank Financial increased their target price on shares of Metro from C$45.00 to C$47.00 in a report on Wednesday, April 26th.
Shares of Metro (TSE:MRU) traded up 0.07% during midday trading on Tuesday, hitting $42.54. 551,943 shares of the stock were exchanged. Metro has a 12 month low of $38.00 and a 12 month high of $48.19. The firm has a 50 day moving average of $44.62 and a 200-day moving average of $42.01. The stock has a market cap of $9.68 billion and a P/E ratio of 17.26.
In other Metro news, insider Martin Allaire sold 9,360 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of C$46.51, for a total transaction of C$435,333.60. Also, insider Yves Vézina sold 9,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$46.20, for a total transaction of C$443,520.00. Insiders sold a total of 29,495 shares of company stock valued at $1,357,789 over the last ninety days.
Metro Company Profile
METRO INC. is engaged in food and pharmaceutical distribution. The Company operates under various grocery banners in the supermarket and discount segments. The Company operates or supplies a network of over 940 food stores under various banners, including Metro, Metro Plus, Super C, Food Basics, Adonis and Premiere Moisson, as well as approximately 260 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.
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