Metro, Inc. (TSE:MRU) had its target price dropped by stock analysts at Eight Capital from C$50.00 to C$47.00 in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the stock. Eight Capital’s price objective suggests a potential upside of 17.53% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. CIBC lowered their price target on shares of Metro from C$48.00 to C$46.00 in a research report on Wednesday, August 16th. BMO Capital Markets lowered their price target on shares of Metro from C$53.00 to C$51.00 in a research report on Wednesday, August 16th. TD Securities lowered their price target on shares of Metro from C$50.00 to C$49.00 in a research report on Wednesday, August 16th. Barclays PLC lowered their price target on shares of Metro from C$45.00 to C$44.00 in a research report on Monday, August 14th. Finally, Raymond James Financial, Inc. lowered their price target on shares of Metro from C$52.00 to C$48.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Metro presently has a consensus rating of “Buy” and an average price target of C$48.09.

Metro (TSE:MRU) traded down 0.67% during mid-day trading on Friday, hitting $39.99. 2,360,390 shares of the stock traded hands. The firm has a market cap of $9.08 billion and a price-to-earnings ratio of 15.94. Metro has a 1-year low of $38.00 and a 1-year high of $47.41. The stock has a 50-day moving average of $41.58 and a 200 day moving average of $42.67.

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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)

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