The stock of Metro, Inc. (TSE:MRU) is a huge mover today! About 45,469 shares traded hands. Metro, Inc. (TSE:MRU) has declined 1.68% since April 18, 2016 and is downtrending. It has underperformed by 6.23% the S&P500.
The move comes after 6 months negative chart setup for the $9.48B company. It was reported on Nov, 22 by Barchart.com. We have $39.85 PT which if reached, will make TSE:MRU worth $379.20 million 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 $44.10 average target is 6.24% above today’s ($41.51) stock price. Metro Inc. has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the shares of MRU in a report on Thursday, August 11 with “Outperform” rating. As per Thursday, November 17, the company rating was maintained by RBC Capital Markets. The rating was maintained by Dundee Securities with “Buy” on Thursday, September 22. The stock has “Outperform” rating given by Scotia Capital on Thursday, November 17. The stock of Metro, Inc. (TSE:MRU) has “Sector Outperformer” rating given on Thursday, August 13 by IBC. The firm has “Hold” rating given on Thursday, November 17 by TD Securities. As per Thursday, August 11, the company rating was maintained by TD Securities.
More recent Metro, Inc. (TSE:MRU) news were published by: Business.Financialpost.com which released: “Loblaw Cos Ltd, Metro Inc talks with suppliers pay off in better results as …” on November 16, 2016. Also Fool.ca published the news titled: “Metro, Inc. Beats Earnings With Help From Alimentation Couche-Tard Inc.” on November 18, 2016. Business.Financialpost.com‘s news article titled: “Metro Inc downgraded despite ‘top-notch’ operations” with publication date: August 15, 2016 was also an interesting one.
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 $9.48 billion. The Firm operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has a 17.38 P/E ratio. It has over 200 discount stores operating under the Super C and Food Basics banners.
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