Metro, Inc. (MRU) Price Target Lowered to C$49.00 at TD Securities
Metro, Inc. (TSE:MRU) had its price objective decreased by equities researchers at TD Securities from C$50.00 to C$49.00 in a note issued to investors on Wednesday. TD Securities’ price target would indicate a potential upside of 14.92% from the company’s current price.
MRU has been the subject of a number of other research reports. National Bank Financial raised their target price on shares of Metro from C$45.00 to C$47.00 in a research report on Wednesday, April 26th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$50.00 target price on shares of Metro in a research report on Tuesday, April 25th. CIBC raised their target price on shares of Metro from C$43.00 to C$48.00 in a research report on Wednesday, April 26th. Royal Bank Of Canada raised their target price on shares of Metro from C$49.00 to C$50.00 in a research report on Wednesday, April 26th. Finally, BMO Capital Markets raised shares of Metro from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$42.00 to C$53.00 in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$48.82.
Shares of Metro (TSE MRU) traded down 0.07% during midday trading on Wednesday, reaching $42.61. 297,014 shares of the company were exchanged. Metro has a 52-week low of $38.00 and a 52-week high of $47.41. The company has a market capitalization of $9.70 billion and a P/E ratio of 17.29. The stock has a 50-day moving average price of $42.59 and a 200 day moving average price of $42.52.
In other news, insider Christian Bourbonnière sold 10,000 shares of Metro stock in a transaction dated Tuesday, June 6th. The shares were 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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