Metro Inc. (TSE:MRU) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Metro Inc. has an average rating of "Hold" from seven research firms, with four analysts recommending a hold and three suggesting a buy.
• The average 1-year price target set by brokerages for Metro Inc. is C$110.13, with recent adjustments ranging from C$98.00 to C$118.00.
• As of the latest trading, Metro's stock was down 1.0%, opening at C$99.07 with a market capitalization of C$21.91 billion.

Metro Inc. (TSE:MRU - Get Free Report) has earned an average rating of "Hold" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$110.13.

A number of research analysts have weighed in on MRU shares. Royal Bank Of Canada boosted their price objective on shares of Metro from C$98.00 to C$112.00 in a research report on Monday, July 21st. National Bankshares cut their price objective 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. BMO Capital Markets boosted their price objective on shares of Metro from C$110.00 to C$115.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, TD Securities boosted their price objective 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 Trading Down 1.0%

MRU stock opened at C$99.07 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. Metro has a twelve month low of C$81.01 and a twelve month high of C$109.20. The stock has a market capitalization of C$21.91 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The firm's fifty day simple moving average is C$104.29 and its two-hundred day simple moving average is C$101.44.

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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