Metro, Inc. (MRU) Receives C$49.08 Average PT from Analysts
Shares of Metro, Inc. (TSE:MRU) have earned an average rating of “Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$49.08.
A number of analysts have commented on MRU shares. Royal Bank Of Canada increased their price objective on shares of Metro from C$49.00 to C$50.00 in a report on Wednesday, April 26th. BMO Capital Markets upgraded shares of Metro from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$42.00 to C$53.00 in a report on Wednesday, April 26th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$50.00 price objective on shares of Metro in a report on Wednesday, April 19th. TD Securities upgraded shares of Metro from a “hold” rating to a “buy” rating and increased their price objective for the company from C$45.00 to C$52.00 in a report on Wednesday, April 26th. Finally, National Bank Financial increased their price objective on shares of Metro from C$45.00 to C$47.00 in a report on Wednesday, April 26th.
In related news, insider Yves Vézina sold 9,600 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of C$46.20, for a total transaction of C$443,520.00. Also, insider Christian Bourbonnière sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of C$45.47, for a total transaction of C$454,700.00. Insiders have sold a total of 29,495 shares of company stock valued at $1,357,789 in the last ninety days.
Shares of Metro (TSE:MRU) traded up 0.05% during mid-day trading on Friday, reaching $43.17. The company’s stock had a trading volume of 335,620 shares. Metro has a one year low of $38.00 and a one year high of $48.19. The firm has a market cap of $9.84 billion and a PE ratio of 17.48. The firm’s 50 day moving average is $45.30 and its 200 day moving average is $41.89.
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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