Metro, Inc. (TSE:MRU) Given Average Recommendation of “Buy” by Analysts
Metro, Inc. (TSE:MRU) has received a consensus recommendation of “Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$48.92.
MRU has been the topic of several research reports. Royal Bank Of Canada boosted their price objective on shares of Metro from C$49.00 to C$50.00 in a research note on Wednesday, April 26th. BMO Capital Markets raised shares of Metro from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$42.00 to C$53.00 in a research note on Wednesday, April 26th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$50.00 price objective on shares of Metro in a research note on Wednesday, April 19th. TD Securities raised shares of Metro from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$45.00 to C$52.00 in a research note on Wednesday, April 26th. Finally, National Bank Financial boosted their price objective on shares of Metro from C$45.00 to C$47.00 in a research note on Wednesday, April 26th.
COPYRIGHT VIOLATION NOTICE: “Metro, Inc. (TSE:MRU) Given Average Recommendation of “Buy” by Analysts” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.watchlistnews.com/metro-inc-tsemru-given-average-recommendation-of-buy-by-analysts/1478489.html.
Metro (TSE:MRU) traded up 0.57% during trading on Friday, hitting $42.69. 771,964 shares of the stock were exchanged. The stock has a market cap of $9.72 billion and a P/E ratio of 17.33. Metro has a 52 week low of $38.00 and a 52 week high of $47.41. The stock has a 50 day moving average of $42.61 and a 200-day moving average of $42.45.
In other news, insider Christian Bourbonnière sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of C$45.47, for a total value of C$454,700.00. Also, insider Yves Vézina sold 9,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$46.20, for a total transaction of C$443,520.00. In the last quarter, insiders sold 20,135 shares of company stock worth $922,456.
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.
Receive News & Ratings for Metro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.