Metro Inc. (MRU) Receives a Hold from CIBC
Yesterday, an analyst has provided a rating update for the Services sector company, Metro Inc. (MRU). Analyst Mark Petrie from CIBC remains neutral on the stock and has a C$48 price target.
Petrie has an average return of 4.1% when recommending Metro Inc..
According to TipRanks.com, Petrie is ranked #333 out of 5129 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Metro Inc. with a C$50.50 average price target, representing a 3.8% upside. In a report issued on January 16, National Bank also maintained a Hold rating on the stock with a C$49 price target.
Metro Inc.’s market cap is currently C$12.44B and has a P/E ratio of 6.7. The company has a Price to Book ratio of 2.21.
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 Tuesday at C$48.67, close to its 52-week high of C$50.40.