National Bank Sticks to Their Hold Rating for Metro Inc. (MRU)
A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. National Bank’s analyst Vishal Shreedhar reiterates their Hold rating on the shares of Metro Inc. (MRU), with a C$50 price target.
According to TipRanks.com, Shreedhar is a 1-star analyst with an average return of -3.7% and a 50.0% success rate. Shreedhar covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Dollarama Inc.
Metro Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$50.75, a 6.6% upside from current levels. In a report released today, Desjardins also downgraded the stock to Hold with a C$51 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 Wednesday at C$47.62.