Metro, Inc. (MRU) PT Lowered to C$47.00
Metro, Inc. (TSE:MRU) had its price objective dropped by National Bank Financial from C$48.00 to C$47.00 in a research report issued on Wednesday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 12.47% from the stock’s previous close. National Bank Financial also issued estimates for Metro’s Q4 2017 earnings at $0.63 EPS, FY2017 earnings at $2.57 EPS, FY2017 earnings at $2.54 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.81 EPS and FY2018 earnings at $2.73 EPS.
MRU has been the topic of several other reports. Royal Bank Of Canada raised their price target on Metro from C$49.00 to C$50.00 in a research report on Wednesday, April 26th. BMO Capital Markets upgraded Metro from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$42.00 to C$53.00 in a research report on Wednesday, April 26th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$50.00 price target on shares of Metro in a research report on Wednesday, April 19th. TD Securities upgraded Metro from a “hold” rating to a “buy” rating and raised their price target for the stock from C$45.00 to C$52.00 in a research report on Wednesday, April 26th. Finally, Barclays PLC reduced their price target on Metro from C$45.00 to C$44.00 in a research report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$48.82.
Metro (TSE:MRU) traded down 1.28% on Wednesday, reaching $41.79. The company had a trading volume of 502,775 shares. The stock has a market capitalization of $9.49 billion and a price-to-earnings ratio of 16.66. Metro has a 12 month low of $38.00 and a 12 month high of $47.41. The firm has a 50 day moving average price of $42.53 and a 200-day moving average price of $42.53.
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In other Metro news, insider Christian Bourbonnière sold 10,000 shares of Metro stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of C$45.47, for a total transaction of C$454,700.00.
Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.
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