Metro Inc. (MRU) Price Target Cut to C$44.00
Metro Inc. (TSE:MRU) had its price objective lowered by equities researchers at Royal Bank Of Canada from C$47.00 to C$44.00 in a note issued to investors on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 9.26% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Eight Capital reduced their target price on Metro from C$50.00 to C$47.00 and set a “neutral” rating for the company in a report on Friday, September 15th. TD Securities cut Metro from a “buy” rating to a “hold” rating and dropped their price target for the company from C$49.00 to C$44.00 in a research report on Tuesday, September 5th. Desjardins raised their price target on Metro from C$48.00 to C$50.00 in a research report on Friday, September 29th. CIBC dropped their price target on Metro from C$48.00 to C$46.00 in a research report on Wednesday, August 16th. Finally, Barclays PLC raised their price target on Metro from C$44.00 to C$45.00 in a research report on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$47.10.
Shares of Metro (MRU) opened at C$40.27 on Thursday. Metro has a fifty-two week low of C$38.00 and a fifty-two week high of C$47.41.
Metro Company Profile
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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