Eight Capital Trims Metro, Inc. (MRU) Target Price to C$45.00
Metro, Inc. (TSE:MRU) had its price target lowered by research analysts at Eight Capital from C$47.00 to C$45.00 in a research note issued on Tuesday. The brokerage currently has a “neutral” rating on the stock. Eight Capital’s price target indicates a potential upside of 6.23% from the stock’s current price.
A number of other equities research analysts have also commented on MRU. National Bank Financial dropped their price objective on shares of Metro from C$48.00 to C$47.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 16th. Raymond James Financial, Inc. dropped their target price on Metro from C$52.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 16th. BMO Capital Markets reduced their price target on Metro from C$53.00 to C$51.00 in a research report on Wednesday, August 16th. Scotiabank reduced their price target on Metro from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th. Finally, TD Securities lowered their price objective on shares of Metro from C$50.00 to C$49.00 in a report on Wednesday, August 16th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$47.70.
Metro (TSE MRU) traded down 1.37% on Tuesday, reaching $41.78. 450,433 shares of the company’s stock traded hands. The firm’s 50-day moving average is $41.11 and its 200 day moving average is $42.83. The stock has a market capitalization of $9.49 billion and a PE ratio of 16.65. Metro has a 52-week low of $38.00 and a 52-week high of $47.41.
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Metro Company Profile
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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