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.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/08/20/metro-inc-mru-pt-lowered-to-c47-00.html.

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.

About Metro

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.

Analyst Recommendations for Metro (TSE:MRU)

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.