The Scotiabank Reaffirms “Outperform” Rating for Metro, Inc. (MRU)

The Scotiabank Reaffirms “Outperform” Rating for Metro, Inc. (MRU)

Scotiabank reiterated their outperform rating on shares of Metro, Inc. (TSE:MRU) in a research report sent to investors on Wednesday.

Several other analysts also recently weighed in on the company. CIBC dropped their price target on Metro from C$46.00 to C$43.00 in a research note on Thursday, November 17th. Dundee Securities reiterated a buy rating and set a C$52.00 price target on shares of Metro in a research note on Thursday, September 22nd. TD Securities reiterated a hold rating and set a C$45.00 price target on shares of Metro in a research note on Monday, November 14th. Desjardins upgraded Metro from a hold rating to a buy rating in a research note on Thursday, November 17th. Finally, Royal Bank Of Canada dropped their price target on Metro from C$46.00 to C$43.00 in a research note on Friday, November 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of C$45.73.

Shares of Metro (TSE:MRU) opened at 41.20 on Wednesday. The company’s 50-day moving average price is $40.36 and its 200 day moving average price is $42.98. Metro has a 52 week low of $38.60 and a 52 week high of $48.19. The company has a market cap of $9.63 billion and a P/E ratio of 17.24.

About Metro

Metro Inc is a retailer or a distributor and operates under various banners in the supermarket and discount segments. The Company operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has over 200 discount stores operating under the Super C and Food Basics banners. The Adonis banner has over 10 stores, which offer Mediterranean and Middle-Eastern products.

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