Desjardins Reiterates Their Hold Rating on Metro Inc.

Wall Street analyst has provided a rating update for the Services sector company on April 21, while remaining neutral on the stock. On April 21, analyst Keith Howlett gave a Hold rating to MRU and set a C$45 price target.

Howlett has an average return of 0.7% when recommending Metro Inc..

According to TipRanks.com, Howlett is ranked #813 out of 4562 analysts.

Currently, the analyst consensus on Metro Inc. is Moderate Buy and the average price target is C$46, representing a 12.6% upside.

In a report issued on August 10, Barclays also maintained a Hold rating on the stock with a C$43 price target.

Based on Metro Inc.’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$2.88 billion and quarterly net profit of C$122 million. In comparison, last year the company earned revenue of C$2.71 billion and had a net profit of C$109 million.

Metro, Inc. engages in the operation of supermarkets, discount stores, and drugstores. It manages its food stores under the following banners: Metro, Metro Plus, Super C, Food Basics, Adonis, and Première Moisson, as well as drugstores under the Brunet, Metro Pharmacy, and Drug Basics banners. The company was founded on December 22, 1947 and is headquartered in Montréal, Canada.