Raymond James Keeps Their Buy Rating on Metro Inc. (MRU)
In a latest note to investors, a research analyst has provided a rating update for the Metro Inc. (MRU). Analyst Kenric Tyghe from Raymond James remains bullish on the stock and has a C$51 price target.
According to TipRanks.com, Tyghe is a 3-star analyst with an average return of 1.6% and a 49.4% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.
Metro Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$50.75, representing a 6.6% upside. In a report released yesterday, Scotiabank also reiterated a Buy rating on the stock with a C$53 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.