Metro (OTCMKTS:MTRAF) PT Raised to C$70.00

Metro (OTCMKTS:MTRAFGet Rating) had its price objective lifted by research analysts at Desjardins from C$66.00 to C$70.00 in a report released on Monday, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Scotiabank raised their price target on Metro from C$74.00 to C$76.00 in a report on Friday. Royal Bank of Canada raised their price target on Metro from C$70.00 to C$74.00 in a report on Wednesday, April 20th. TD Securities raised their price target on Metro from C$72.00 to C$75.00 in a report on Friday. Finally, National Bank Financial raised their price objective on Metro from C$72.00 to C$74.00 in a research report on Wednesday, April 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $72.67.

OTCMKTS:MTRAF traded down $2.44 on Monday, reaching $55.18. 100 shares of the company’s stock traded hands, compared to its average volume of 5,000. The stock has a 50-day simple moving average of $55.30 and a 200-day simple moving average of $52.78. Metro has a 12 month low of $45.40 and a 12 month high of $58.20.

About Metro (Get Rating)

Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries, as well as Mediterranean and Middle Eastern products.

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