Metro, Inc. (MRU) Price Target Cut to C$52.00 by Analysts at Eight Capital
Other research analysts have also issued research reports about the company. Scotiabank reiterated an outperform rating and set a C$52.00 target price on shares of Metro in a research report on Wednesday, April 19th. CIBC increased their target price on Metro from C$43.00 to C$48.00 in a research report on Wednesday, April 26th. Raymond James Financial, Inc. reiterated an outperform rating and set a C$50.00 target price on shares of Metro in a research report on Tuesday, April 25th. TD Securities reiterated a hold rating and set a C$45.00 target price on shares of Metro in a research report on Monday, April 24th. Finally, Desjardins increased their target price on Metro from C$46.00 to C$49.00 in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Metro presently has a consensus rating of Buy and a consensus target price of C$48.92.
Metro (MRU) traded down 0.23% during midday trading on Friday, hitting $42.82. 339,358 shares of the stock traded hands. The firm has a market cap of $9.75 billion and a PE ratio of 17.38. The company’s 50 day moving average price is $43.46 and its 200 day moving average price is $42.23. Metro has a 12 month low of $38.00 and a 12 month high of $48.10.
In other Metro news, insider Christian Bourbonnière sold 10,000 shares of Metro 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 transaction of C$454,700.00. Also, insider Yves Vézina sold 9,600 shares of Metro stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$46.20, for a total value of C$443,520.00. Insiders sold a total of 29,495 shares of company stock valued at $1,357,789 in the last quarter.
Metro Company Profile
METRO INC. is engaged in food and pharmaceutical distribution. The Company operates under various grocery banners in the supermarket and discount segments. The Company operates or supplies a network of over 940 food stores under various banners, including Metro, Metro Plus, Super C, Food Basics, Adonis and Premiere Moisson, as well as approximately 260 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.
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