It May be Time to Sell Metro Inc (TSE:MRU) Shares as Eight Capital Has Just Decreased Its Target to $47.00 For 17.53 % Upside

September 17, 2017 - By Stephen Andrade

Metro Inc (TSE:MRU) Shares Receive a Target Price Change

Metro Inc (TSE:MRU) had its PT decreased by Eight Capital from $50.00 to $47.00 in analysts report published on 15 September. The firm presently has a solid Neutral rating on shares.

Metro, Inc. (TSE:MRU) Ratings Coverage

Among 7 analysts covering Metro Inc. (TSE:MRU), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Metro Inc. has $52 highest and $2 lowest target. $46.83’s average target is 17.10% above currents $39.99 stock price. Metro Inc. had 48 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, November 17 by RBC Capital Markets. The stock of Metro, Inc. (TSE:MRU) earned “Outperform” rating by RBC Capital Markets on Wednesday, January 25. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, January 18. IBC upgraded Metro, Inc. (TSE:MRU) rating on Thursday, August 13. IBC has “Sector Outperformer” rating and $42 target. The rating was maintained by Raymond James on Thursday, January 19 with “Outperform”. The stock of Metro, Inc. (TSE:MRU) earned “Outperform” rating by Scotia Capital on Thursday, August 11. The stock of Metro, Inc. (TSE:MRU) has “Hold” rating given on Monday, January 23 by TD Securities. The rating was maintained by Raymond James with “Outperform” on Wednesday, January 25. The company was maintained on Thursday, November 17 by Scotia Capital. The stock of Metro, Inc. (TSE:MRU) has “Hold” rating given on Monday, April 24 by TD Securities.

The stock decreased 0.67% or $0.27 on September 15, reaching $39.99. About 2.36 million shares traded or 337.21% up from the average. Metro, Inc. (TSE:MRU) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

METRO INC. is engaged in food and pharmaceutical distribution. The company has market cap of $9.11 billion. The Firm operates under various grocery banners in the supermarket and discount divisions. It has a 15.93 P/E ratio. The Firm operates or supplies a network of over 940 food stores under various banners, including Metro, Metro Plus, Super C, Food Basics, Adonis and Premiere Moisson, as well as approximately 260 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.

More news for Metro, Inc. (TSE:MRU) were recently published by: Fool.ca, which released: “Is the Amazon.com, Inc. Scare a Good Buying Opportunity in Food Retailers?” on September 11, 2017. Theglobeandmail.com‘s article titled: “Sobeys making progress, but still has ‘significant work to do’ on turnaround …” and published on September 14, 2017 is yet another important article.

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