Scotiabank Keeps a Buy Rating on Metro Inc.

Metro Inc. (TSX: MRU), the Services sector company, was revisited by a Wall Street analyst on May 20. Analyst Patricia Baker from Scotiabank rated Metro Inc. (TSX: MRU) a Buy on on May 20, setting a C$46.50 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 November 2, RBC Capital also reiterated a Buy rating on the stock with a C$49 price target.

Metro Inc.’s market cap is currently C$9.44B and has a P/E ratio of 16.9.

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.