Metro, Inc. (MRU) Given Average Recommendation of “Hold” by Brokerages
Metro, Inc. (TSE:MRU) has been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$47.10.
Several research firms recently issued reports on MRU. Eight Capital reduced their price target on Metro from C$47.00 to C$45.00 and set a “neutral” rating for the company in a research note on Tuesday, October 3rd. Scotiabank restated an “outperform” rating and issued a C$51.00 price target on shares of Metro in a research note on Monday, November 20th. Desjardins boosted their price target on Metro from C$48.00 to C$50.00 in a research note on Friday, September 29th. Royal Bank of Canada reduced their price target on Metro from C$47.00 to C$44.00 and set a “sector perform” rating for the company in a research note on Thursday, November 23rd. Finally, Barclays boosted their price target on Metro from C$44.00 to C$45.00 in a research note on Tuesday, October 3rd.
Metro (MRU) traded down C$0.24 on Tuesday, reaching C$40.58. The company had a trading volume of 314,021 shares, compared to its average volume of 364,176. The company has a market cap of $9,240.00, a P/E ratio of 15.73 and a beta of 0.06. Metro has a twelve month low of C$38.00 and a twelve month high of C$47.41.
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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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