Metro, Inc. (MRU) PT Lowered to C$50.00

Metro, Inc. (TSE:MRU) had its price objective decreased by Eight Capital from C$52.00 to C$50.00 in a report released on Wednesday. Eight Capital’s price objective suggests a potential upside of 17.26% from the company’s previous close.

Several other research analysts have also issued reports on MRU. Scotiabank reiterated an “outperform” rating and issued a C$52.00 price target on shares of Metro in a report on Wednesday, April 19th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$50.00 price target on shares of Metro in a report on Wednesday, April 19th. TD Securities reiterated a “hold” rating and issued a C$45.00 price target on shares of Metro in a report on Monday, April 24th. CIBC increased their price target on Metro from C$43.00 to C$48.00 in a report on Wednesday, April 26th. Finally, BMO Capital Markets upgraded Metro from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$42.00 to C$53.00 in a report on Wednesday, April 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$48.82.

Metro (TSE MRU) traded down 0.012% during midday trading on Wednesday, reaching $42.635. The company’s stock had a trading volume of 305,733 shares. The firm has a 50 day moving average of $42.59 and a 200 day moving average of $42.52. Metro has a 52-week low of $38.00 and a 52-week high of $47.41. The firm has a market cap of $9.70 billion and a P/E ratio of 17.303.

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In other news, insider Christian Bourbonnière sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of C$45.47, for a total value 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.