RBC Capital Remains a Hold on Metro Inc. (MRU)
On January 25, an analyst has provided a rating update for Metro Inc. (MRU). Analyst Irene Nattel from RBC Capital remains neutral on the stock and has a C$50 price target.
According to TipRanks.com, Nattel is a 3-star analyst with an average return of 1.1% and a 46.9% success rate. Nattel covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Casey’s General.
Currently, the analyst consensus on Metro Inc. is a Moderate Buy with an average price target of C$49.94, implying a 1.9% upside from current levels. In a report issued on January 16, National Bank also maintained a Hold rating on the stock with a C$49 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 687.2K.
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 Monday at C$49, close to its 52-week high of C$50.40.