Raymond James Financial, Inc. Reiterates “Outperform” Rating for Metro, Inc. (MRU)
Metro, Inc. (TSE:MRU)‘s stock had its “outperform” rating reissued by investment analysts at Raymond James Financial, Inc. in a research note issued to investors on Wednesday. They presently have a C$50.00 price target on the stock. Raymond James Financial, Inc.’s price target would indicate a potential upside of 18.34% from the stock’s previous close.
Several other equities research analysts also recently weighed in on MRU. Scotiabank reissued an “outperform” rating on shares of Metro in a research report on Wednesday, January 18th. Barclays PLC dropped their target price on shares of Metro from C$43.00 to C$42.00 and set an “equal weight” rating for the company in a research report on Thursday, January 19th. TD Securities reissued a “hold” rating and issued a C$45.00 target price on shares of Metro in a research report on Monday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a C$48.00 target price on shares of Metro in a research report on Wednesday, January 25th. Finally, National Bank Financial dropped their target price on shares of Metro from C$46.00 to C$45.00 in a research report on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$46.09.
Metro (TSE:MRU) opened at 42.25 on Wednesday. The company has a 50-day moving average price of $40.87 and a 200 day moving average price of $40.70. Metro has a 12-month low of $38.00 and a 12-month high of $48.19. The stock has a market cap of $9.74 billion and a price-to-earnings ratio of 17.52.
In related news, Director La Flèche Eric Richer sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of C$39.80, for a total transaction of C$796,000.00. Also, insider Simon Rivet sold 1,500 shares of the business’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of C$40.10, for a total transaction of C$60,150.00. In the last ninety days, insiders have sold 51,030 shares of company stock valued at $2,039,984.
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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