Several brokerages have updated their recommendations and price targets on shares of Metro (TSE: MRU) in the last few weeks:

  • 10/3/2017 – Metro had its price target lowered by analysts at Eight Capital from C$47.00 to C$45.00. They now have a “neutral” rating on the stock.
  • 10/3/2017 – Metro had its price target raised by analysts at Barclays PLC from C$44.00 to C$45.00.
  • 9/29/2017 – Metro had its price target raised by analysts at Desjardins from C$48.00 to C$50.00.
  • 9/15/2017 – Metro had its price target lowered by analysts at Eight Capital from C$50.00 to C$47.00. They now have a “neutral” rating on the stock.
  • 9/5/2017 – Metro was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a C$44.00 price target on the stock, down previously from C$49.00.
  • 8/16/2017 – Metro had its price target lowered by analysts at Eight Capital from C$52.00 to C$50.00.
  • 8/16/2017 – Metro had its price target lowered by analysts at National Bank Financial from C$48.00 to C$47.00. They now have a “sector perform” rating on the stock.
  • 8/16/2017 – Metro had its price target lowered by analysts at Scotiabank from C$54.00 to C$51.00. They now have an “outperform” rating on the stock.
  • 8/16/2017 – Metro had its price target lowered by analysts at CIBC from C$48.00 to C$46.00.
  • 8/16/2017 – Metro had its price target lowered by analysts at TD Securities from C$50.00 to C$49.00.
  • 8/16/2017 – Metro had its price target lowered by analysts at Raymond James Financial, Inc. from C$52.00 to C$48.00. They now have an “outperform” rating on the stock.
  • 8/16/2017 – Metro had its price target lowered by analysts at BMO Capital Markets from C$53.00 to C$51.00.
  • 8/14/2017 – Metro had its price target lowered by analysts at Barclays PLC from C$45.00 to C$44.00.

Metro, Inc. (TSE:MRU) opened at 41.53 on Wednesday. The company has a 50 day moving average price of $41.08 and a 200 day moving average price of $42.83. The stock has a market capitalization of $9.43 billion and a price-to-earnings ratio of 16.55. Metro, Inc. has a 12 month low of $38.00 and a 12 month high of $47.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Friday, October 27th will be paid a $0.162 dividend. This represents a $0.65 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, October 26th.

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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