Scotiabank Believes Metro Inc. (MRU) Won’t Stop Here
A Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Analyst Patricia Baker from Scotiabank rated Metro Inc. (MRU) a Buy, setting a C$53 price target.
According to TipRanks.com, Baker is a 3-star analyst with an average return of 2.7% and a 53.2% success rate. Baker covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Loblaw Companies Limited, and Kroger Company.
Currently, the analyst consensus on Metro Inc. is a Moderate Buy with an average price target of C$50.13, representing a 3.0% upside. In a report issued on January 24, Raymond James also maintained a Buy rating on the stock 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 Tuesday at C$48.67, close to its 52-week high of C$50.40.