Metro’s (MRU) Buy Rating Reaffirmed at Dundee Securities
Other research analysts also recently issued reports about the company. Raymond James Financial Inc. lifted their target price on Metro from C$48.00 to C$50.00 in a research note on Monday, August 15th. Barclays PLC lifted their target price on Metro from C$41.00 to C$43.00 and gave the stock an equal weight rating in a research note on Wednesday, August 10th. TD Securities restated a hold rating and issued a C$44.00 price target on shares of Metro in a research note on Wednesday, August 10th. Desjardins boosted their price target on Metro from C$45.00 to C$46.00 and gave the company a hold rating in a research note on Monday, August 15th. Finally, Scotiabank boosted their price target on Metro from C$46.50 to C$52.00 and gave the company an outperform rating in a research note on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Metro has an average rating of Hold and a consensus price target of C$46.91.
Shares of Metro (TSE:MRU) opened at 43.82 on Thursday. The company has a market cap of $10.32 billion and a PE ratio of 19.07. Metro has a one year low of $35.61 and a one year high of $48.19. The stock’s 50 day moving average price is $44.81 and its 200 day moving average price is $44.39.
Metro Inc is a retailer or a distributor and operates under various banners in the supermarket and discount segments. The Company operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has over 200 discount stores operating under the Super C and Food Basics banners. The Adonis banner has over 10 stores, which offer Mediterranean and Middle-Eastern products.
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