Metro Inc. (TSE:MRU) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Metro Inc. has received a consensus rating of "Hold" from seven analysts, with four indicating a hold position and three recommending a buy.
• The average twelve-month target price for Metro's shares is currently C$110.13, with recent updates from various analysts adjusting their target prices, including BMO Capital Markets raising theirs to C$115.00.
• The company's stock opening price was C$99.07, with a market capitalization of C$21.91 billion and a 12-month price range fluctuating between C$81.01 and C$109.20.

Shares of Metro Inc. (TSE:MRU - Get Free Report) have been assigned a consensus rating of "Hold" from the seven analysts that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$110.13.

A number of equities analysts recently issued reports on MRU shares. BMO Capital Markets upped their price objective on shares of Metro from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Metro from C$98.00 to C$112.00 in a research note on Monday, July 21st. National Bankshares dropped their target price on shares of Metro from C$111.00 to C$110.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Finally, TD Securities boosted their target price on shares of Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a research report on Thursday, July 31st.

Metro Price Performance

Shares of TSE:MRU opened at C$99.07 on Wednesday. The firm has a 50 day moving average of C$104.29 and a 200-day moving average of C$101.44. The stock has a market capitalization of C$21.91 billion, a PE ratio of 22.87, a PEG ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. Metro has a 12 month low of C$81.01 and a 12 month high of C$109.20.

About Metro

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.

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