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.

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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 Bourbonni√®re 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 V√©zina 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.

About Metro

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.

Analyst Recommendations for Metro (TSE:MRU)

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