Metro, Inc. (TSE:MRU) had its target price cut by equities research analysts at Eight Capital from C$54.00 to C$52.00 in a research report issued on Friday, July 21st. Eight Capital’s price target would suggest a potential upside of 24.43% from the company’s current price.
Several other equities research analysts have also recently commented on the company. National Bank Financial upped their price target on Metro from C$45.00 to C$47.00 in a research note on Wednesday, April 26th. Royal Bank Of Canada upped their price target on Metro from C$49.00 to C$50.00 in a research note on Wednesday, April 26th. Desjardins upped their price target on Metro from C$46.00 to C$49.00 in a research note on Wednesday, April 26th. Scotiabank upped their price target on Metro from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Finally, TD Securities upgraded Metro from a “hold” rating to a “buy” rating and upped their price target for the stock from C$45.00 to C$52.00 in a research note on Wednesday, April 26th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$48.82.
Metro (TSE MRU) traded down 1.28% during trading on Friday, reaching $41.79. 502,775 shares of the company’s stock were exchanged. Metro has a 52 week low of $38.00 and a 52 week high of $47.41. The stock has a market capitalization of $9.49 billion and a PE ratio of 16.66. The stock has a 50-day moving average of $42.53 and a 200-day moving average of $42.53.
In other Metro news, insider Christian Bourbonnière sold 10,000 shares of the stock in a transaction 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.
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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