The stock of Metro, Inc. (TSE:MRU) is a huge mover today! About 273,202 shares traded hands. Metro, Inc. (TSE:MRU) has declined 3.33% since March 11, 2016 and is downtrending. It has underperformed by 8.82% the S&P500.
The move comes after 6 months negative chart setup for the $9.79 billion company. It was reported on Oct, 18 by Barchart.com. We have $39.15 PT which if reached, will make TSE:MRU worth $587.40M less.
Metro, Inc. (TSE:MRU) Ratings Coverage
Out of 10 analysts covering Metro Inc. (TSE:MRU), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. $52 is the highest target while $34 is the lowest. The $43.32 average target is 4.01% above today’s ($41.65) stock price. Metro Inc. has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, August 11 by Scotia Capital. TD Securities maintained it with “Hold” rating and $44 target price in Thursday, August 11 report. The rating was maintained by Dundee Securities with “Buy” on Thursday, September 22. The rating was upgraded by IBC to “Sector Outperformer” on Thursday, August 13.
More notable recent Metro, Inc. (TSE:MRU) news were published by: Fool.ca which released: “3 Reasons Why Metro, Inc. Is Lapping the Competition” on October 14, 2016, also Business.Financialpost.com with their article: “Metro Inc downgraded despite ‘top-notch’ operations” published on August 15, 2016, Business.Financialpost.com published: “Metro Inc holds its own in grocery price wars, reporting higher profit and sales” on April 20, 2016. More interesting news about Metro, Inc. (TSE:MRU) were released by: Business.Financialpost.com and their article: “Metro Inc bolsters its locally sourced food program, allowing smaller …” published on June 10, 2016 as well as Fool.ca‘s news article titled: “Is Metro, Inc.’s 8% Dip a Buying Opportunity?” with publication date: September 21, 2016.
Metro Inc. is a retailer or a distributor and operates under various banners in the supermarket and discount divisions. The company has a market cap of $9.79 billion. The Firm operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has a 18.04 P/E ratio. It has over 200 discount stores operating under the Super C and Food Basics banners.
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