Simon Rivet Sells 1,500 Shares of Metro, Inc. (MRU) Stock
Metro, Inc. (TSE:MRU) insider Simon Rivet sold 1,500 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of C$40.10, for a total transaction of C$60,150.00.
Shares of Metro, Inc. (TSE:MRU) traded down 0.15% during trading on Friday, reaching $40.11. 196,865 shares of the company’s stock were exchanged. Metro, Inc. has a 12-month low of $38.00 and a 12-month high of $48.19. The company has a 50 day moving average of $40.10 and a 200 day moving average of $41.98. The stock has a market cap of $9.24 billion and a P/E ratio of 16.64.
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Several brokerages recently commented on MRU. Royal Bank Of Canada cut their price target on shares of Metro from C$46.00 to C$43.00 in a report on Friday, November 18th. Scotiabank restated an “outperform” rating and issued a C$52.00 target price on shares of Metro in a research note on Thursday, November 10th. TD Securities restated a “hold” rating and issued a C$45.00 target price on shares of Metro in a research note on Monday, November 14th. National Bank Financial dropped their target price on shares of Metro from C$46.00 to C$45.00 in a research note on Wednesday, January 25th. Finally, Barclays PLC dropped their target price on shares of Metro from C$43.00 to C$42.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Metro has an average rating of “Hold” and an average target price of C$46.09.
METRO INC. is engaged in food and pharmaceutical distribution. The Company operates under various grocery banners in the supermarket and discount segments. The Company 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.
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