Raymond James Keeps Their Hold Rating on Metro Inc. (MRU)
In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Metro Inc. (MRU). Today, analyst Kenric Tyghe gave a Hold rating to MRU and set a C$51 price target.
According to TipRanks.com, Tyghe is a 3-star analyst with an average return of 4.2% and a 52.9% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Metro Inc. with a C$51 average price target, which is a 3.9% upside from current levels. In a report issued on April 9, National Bank also maintained a Hold rating on the stock with a C$51 price target.
Metro Inc.’s market cap is currently C$12.69B and has a P/E ratio of 20.6. 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 Thursday at C$49.09, close to its 52-week high of C$50.90.