Scotiabank Reiterates “Outperform” Rating for Metro, Inc. (MRU)
Metro, Inc. (TSE:MRU)‘s stock had its “outperform” rating reaffirmed by research analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They presently have a C$52.00 price target on the stock. Scotiabank’s price target points to a potential upside of 23.08% from the stock’s previous close.
MRU has been the subject of a number of other research reports. Barclays PLC reduced their price objective on Metro from C$43.00 to C$42.00 and set an “equal weight” rating for the company in a research note on Thursday, January 19th. TD Securities reiterated a “hold” rating and set a C$45.00 price objective on shares of Metro in a research note on Monday, January 23rd. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$50.00 price objective on shares of Metro in a research note on Thursday, January 19th. National Bank Financial cut their price target on Metro from C$46.00 to C$45.00 in a research note on Wednesday, January 25th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a C$48.00 price target on shares of Metro in a research note on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$46.09.
Metro (TSE:MRU) opened at 42.25 on Wednesday. The company’s 50 day moving average price is $40.87 and its 200-day moving average price is $40.70. Metro has a one year low of $38.00 and a one year high of $48.19. The stock has a market capitalization of $9.74 billion and a PE ratio of 17.52.
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In related news, insider Simon Rivet sold 1,500 shares of Metro stock in a transaction dated Friday, February 17th. The stock was sold at an average price of C$40.10, for a total value of C$60,150.00. Also, insider Yves Vã©Zina sold 4,170 shares of Metro stock in a transaction dated Monday, January 30th. The shares were sold at an average price of C$39.52, for a total value of C$164,798.40. In the last 90 days, insiders 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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