The stock of Metro, Inc. (TSE:MRU) is a huge mover today! About 26,684 shares traded hands. Metro, Inc. (TSE:MRU) has declined 2.33% since April 21, 2016 and is downtrending. It has underperformed by 7.74% the S&P500.
The move comes after 8 months positive chart setup for the $9.63 billion company. It was reported on Nov, 25 by Barchart.com. We have $45.30 PT which if reached, will make TSE:MRU worth $866.70 million more.
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. Metro Inc. has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $46.50 target price in Thursday, August 11 report. On Thursday, November 17 the stock rating was maintained by TD Securities with “Hold”. The rating was maintained by Dundee Securities on Thursday, September 22 with “Buy”. The stock has “Outperform” rating given by Scotia Capital on Thursday, November 17. The company was maintained on Thursday, November 17 by RBC Capital Markets. The rating was maintained by TD Securities with “Hold” on Thursday, August 11. IBC upgraded it to “Sector Outperformer” rating and $42 target price in Thursday, August 13 report.
More important 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 Business.Financialpost.com published article titled: “Metro Inc bolsters its locally sourced food program, allowing smaller …”, Business.Financialpost.com published: “Metro Inc downgraded despite ‘top-notch’ operations” on August 15, 2016. More interesting news about Metro, Inc. (TSE:MRU) was released by: Fool.ca and their article: “Metro, Inc. Beats Earnings With Help From Alimentation Couche-Tard Inc.” with publication date: November 18, 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 $9.63 billion. The Firm operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has a 17.4 P/E ratio. It has over 200 discount stores operating under the Super C and Food Basics banners.
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