Metro’s (MRU) Outperform Rating Reiterated at Scotiabank

Metro’s (MRU) Outperform Rating Reiterated at Scotiabank

Scotiabank reaffirmed their outperform rating on shares of Metro, Inc. (TSE:MRU) in a research note released on Wednesday morning. Scotiabank currently has a C$52.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. CIBC lowered their target price on shares of Metro from C$46.00 to C$43.00 in a report on Thursday, November 17th. Royal Bank Of Canada lowered their target price on shares of Metro from C$46.00 to C$43.00 in a report on Friday, November 18th. Desjardins raised shares of Metro from a hold rating to a buy rating in a report on Thursday, November 17th. Barclays PLC lowered their target price on shares of Metro from C$43.00 to C$42.00 and set an equal weight rating on the stock in a report on Thursday, January 19th. Finally, TD Securities reissued a hold rating and issued a C$45.00 target price on shares of Metro in a report on Monday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of C$46.09.

Shares of Metro (TSE:MRU) opened at 39.87 on Wednesday. The firm has a 50-day moving average of $40.36 and a 200-day moving average of $42.76. Metro has a one year low of $38.60 and a one year high of $48.19. The company has a market cap of $9.19 billion and a price-to-earnings ratio of 16.54.

Metro Company Profile

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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