Metro, Inc. (MRU) Receives Average Rating of “Buy” from Brokerages

Shares of Metro, Inc. (TSE:MRU) have earned a consensus rating of “Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$49.08.

A number of analysts have recently commented on MRU shares. Royal Bank of Canada boosted their target price 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 upped their price objective for the company from C$42.00 to C$53.00 in a research note on Wednesday, April 26th. Raymond James Financial, Inc. reaffirmed 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 upped their price objective for the company from C$45.00 to C$52.00 in a research note on Wednesday, April 26th. Finally, National Bank Financial upped their price objective on shares of Metro from C$45.00 to C$47.00 in a research note on Wednesday, April 26th.

In other Metro news, insider Yves Vézina sold 9,600 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of C$46.20, for a total value of C$443,520.00. Also, insider Martin Allaire sold 9,360 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of C$46.51, for a total transaction of C$435,333.60. Insiders sold a total of 19,495 shares of company stock worth $903,089 over the last quarter.

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Metro (TSE MRU) opened at 45.74 on Tuesday. The company’s 50-day moving average price is $45.23 and its 200-day moving average price is $41.64. Metro has a one year low of $38.00 and a one year high of $48.19. The stock has a market cap of $10.41 billion and a P/E ratio of 18.56.

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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