BMO Capital Reaffirms Their Buy Rating on Metro Inc. (MRU)
Shares of Metro Inc. (MRU) were revisited by a Wall Street analyst today. Analyst Peter Sklar from BMO Capital rated Metro Inc. (MRU) a Buy, setting a C$53 price target.
According to TipRanks.com, Sklar is a 4-star analyst with an average return of 5.1% and a 52.7% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Loblaw Companies Limited, and Dollarama Inc.
Metro Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$50.75, a 6.3% upside from current levels. In a report issued on January 24, Raymond James also maintained a Buy rating on the stock with a C$51 price target.
The company has a one-year high of C$50.40 and a one-year low of C$38.32. Currently, Metro Inc. has an average volume of 669.1K.
Metro, Inc. retails and distributes food and pharmacy products. It operates a network of supermarkets, discount stores and drugstores. The company was founded on December 22, 1947 and is headquartered in Montréal, Canada.
The company’s shares closed on Thursday at C$47.74.