Metro Inc. Gets a Buy Rating from Scotiabank

Wall Street analyst has provided a review for the Services company on January 24, but retained the same rating on the stock. Analyst Patricia Baker from Scotiabank rated Metro Inc. (TSX: MRU) a Buy on on January 24, setting a C$52 price target.

According to TipRanks.com, Baker is a 4-star analyst with an average return of 7.4% and a 60.8% success rate. Baker covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Alimentation Couche Tard, and Loblaw Companies Limited.

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 January 24, RBC Capital also reiterated a Buy rating on the stock with a C$48 price target.

The company has a one year high of C$48.19 and a one year low of C$38. Currently, Metro Inc. has an average volume of 644.3K.

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.