BMO Capital Reiterates Their Buy Rating on Metro Inc.

By Carrie Williams

Wall Street analyst has provided a review for the Services company on June 16, but retained the same rating on the stock. Analyst Peter Sklar remains bullish on Metro Inc. (TSX: MRU) and has a C$53 price target.

According to TipRanks.com, Sklar is a 4-star analyst with an average return of 12.2% and a 52.9% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Alimentation Couche Tard, and Loblaw Companies Limited.

Currently, the analyst consensus on Metro Inc. is Moderate Buy and the average price target is C$50.14, representing a 16.2% upside.

In a report issued on June 16, RBC Capital also reiterated a Buy rating on the stock with a C$50 price target.

Metro Inc.’s market cap is currently C$9.82B and has a P/E ratio of 17.5.

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.

The company’s shares closed last Friday at $43.16.