A statement released earlier today by Dundee Securities about Metro Inc. (TSE:MRU) bumps the target price to $52.00
- Updated: September 22, 2016
Boasting a price of $43.80, Metro Inc. (TSE:MRU) traded 0.30% higher on the day. With the last stock price close down -1.44% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Metro Inc. has recorded a 50-day average of $44.90 and a two hundred day average of $44.40. Volume of trade was down over the average, with 216,876 shares of MRU changing hands under the typical 494,252
Dundee Securities bumped up the target of Metro Inc. (TSE:MRU) to $52.00 stating a potential upside of 0.19%.
On 8/17/2016, TD Securities released a statement for Metro Inc. (TSE:MRU) bumped up the target price from $44.00 to $45.00 that suggested a downside of 0.00%.
With a total market value of $0, Metro Inc. has price-earnings ratio of 19.04 with a one year low of $35.61 and a one year high of $48.19 .
A total of 12 equity analysts have released a ratings update on MRU. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, six equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $35.27.
Brief Synopsis About Metro Inc. (TSE:MRU)
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. It also acts as a distributor by providing medium-surface food stores and convenience stores. It also operates Premiere Moisson, which offers artisan breads and pastries, the production of charcuteries and ready-to-eat offerings, and gourmet specialties. Premiere Moisson sells its products to its stores, to restaurant and distribution chains, as well as directly to consumers. It also acts as franchisor and distributor for over 180 franchised Brunet Plus, Brunet, Brunet Clinique and Clini Plus drugstores. The Company also operates over 70 drugstores under Metro Pharmacy and Drug Basics banners.
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