The stock of Metro, Inc. (TSE:MRU) is a huge mover today! About 80,565 shares traded hands. Metro, Inc. (TSE:MRU) has declined 2.33% since April 6, 2016 and is downtrending. It has underperformed by 7.98% the S&P500.
The move comes after 8 months negative chart setup for the $9.49 billion company. It was reported on Nov, 10 by Barchart.com. We have $37.18 PT which if reached, will make TSE:MRU worth $759.20M 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 7.20% above today’s ($40.41) stock price. Metro Inc. has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. TD Securities maintained the stock with “Hold” rating in Thursday, August 11 report. On Thursday, August 11 the stock rating was maintained by Scotia Capital with “Outperform”. The firm earned “Buy” rating on Thursday, September 22 by Dundee Securities. The stock has “Sector Outperformer” rating given by IBC on Thursday, August 13.
More notable recent Metro, Inc. (TSE:MRU) news were published by: Business.Financialpost.com which released: “Metro Inc holds its own in grocery price wars, reporting higher profit and sales” on April 20, 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 bolsters its locally sourced food program, allowing smaller …” on June 10, 2016. More interesting news about Metro, Inc. (TSE:MRU) were released by: Fool.ca and their article: “Is Metro, Inc.’s 8% Dip a Buying Opportunity?” published on September 21, 2016 as well as Fool.ca‘s news article titled: “Is Metro, Inc. a Good Buy After Dipping 12%?” with publication date: October 19, 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 $9.49 billion. The Firm operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has a 17.5 P/E ratio. It has over 200 discount stores operating under the Super C and Food Basics banners.
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