Metro, Inc. (TSE:MRU) insider Roberto Sbrugnera sold 535 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of C$45.30, for a total value of C$24,235.50.
Metro, Inc. (MRU) traded down 0.52% on Monday, reaching $45.74. The company had a trading volume of 358,682 shares. Metro, Inc. has a 52-week low of $38.00 and a 52-week high of $48.19. The stock’s 50-day moving average price is $45.23 and its 200 day moving average price is $41.64. The firm has a market capitalization of $10.41 billion and a price-to-earnings ratio of 18.56.
Several research analysts have recently commented on MRU shares. TD Securities upgraded Metro from a “hold” rating to a “buy” rating and raised their price target for the stock from C$45.00 to C$52.00 in a research report on Wednesday, April 26th. Eight Capital raised their price target on Metro from C$52.00 to C$54.00 in a research report on Wednesday, April 26th. Scotiabank raised their price target on Metro from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Desjardins raised their price target on Metro from C$46.00 to C$49.00 in a research report on Wednesday, April 26th. Finally, BMO Capital Markets upgraded Metro from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$42.00 to C$53.00 in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$49.08.
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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