Metro, Inc. (MRU) Receives Consensus Rating of “Hold” from Analysts

Shares of Metro, Inc. (TSE:MRU) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$46.10.

Several research firms recently commented on MRU. Royal Bank Of Canada dropped their price objective on shares of Metro from C$46.00 to C$43.00 in a research note on Friday, November 18th. Scotiabank reissued an “outperform” rating and set a C$52.00 price objective on shares of Metro in a research note on Thursday, November 10th. TD Securities reissued a “hold” rating and set a C$45.00 price objective on shares of Metro in a research note on Monday, November 14th. National Bank Financial dropped their price objective on shares of Metro from C$46.00 to C$45.00 in a research note on Wednesday, January 25th. Finally, Barclays PLC dropped their price objective on shares of Metro from C$43.00 to C$42.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 19th.

In related news, insider Yves Vã©Zina sold 4,170 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of C$39.52, for a total value of C$164,798.40.

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Shares of Metro (TSE:MRU) opened at 39.87 on Tuesday. Metro has a 52 week low of $38.00 and a 52 week high of $48.19. The company has a market cap of $9.19 billion and a PE ratio of 16.54. The company has a 50 day moving average of $40.10 and a 200 day moving average of $42.19.

Metro Company Profile

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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