Metro, Inc. (MRU) Given Consensus Recommendation of “Buy” by Brokerages

Metro, Inc. (TSE:MRU) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$47.29.

MRU has been the topic of several research reports. TD Securities boosted their price target on Metro from C$44.00 to C$47.00 and gave the company a “hold” rating in a research note on Thursday, November 22nd. Barclays boosted their price target on Metro from C$45.00 to C$48.00 in a research note on Thursday, November 22nd. National Bank Financial boosted their price target on Metro from C$44.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Thursday, November 22nd. CIBC boosted their price target on Metro from C$42.00 to C$45.00 in a research note on Thursday, November 22nd. Finally, Raymond James upped their price objective on Metro from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Thursday, November 22nd.

MRU traded down C$0.39 on Thursday, hitting C$45.50. 312,808 shares of the stock traded hands, compared to its average volume of 518,061. Metro has a 52 week low of C$38.32 and a 52 week high of C$46.45. The company has a debt-to-equity ratio of 53.60, a quick ratio of 0.46 and a current ratio of 1.22.

Metro (TSE:MRU) last issued its quarterly earnings results on Wednesday, November 21st. The company reported C$0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.63. The firm had revenue of C$3.74 billion for the quarter, compared to the consensus estimate of C$4.01 billion. Equities analysts predict that Metro will post 3.18000015969433 EPS for the current year.

In other news, insider Martin Allaire sold 6,840 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of C$45.33, for a total value of C$310,057.20.

Metro Company Profile

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and drug stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, prepared meals, fruits and vegetables, meats, and frozen foods.

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Analyst Recommendations for Metro (TSE:MRU)

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