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BMO Capital Markets Issues Pessimistic Forecast for Metro (TSE:MRU) Stock Price
['Danessa Lincoln']
Markets Daily
Metro (TSE:MRU – Get Free Report) had its price objective cut by research analysts at BMO Capital Markets from C$115.00 to C$110.00 in a research note issued on Wednesday,BayStreet.CA reports.
BMO Capital Markets’ price target points to a potential upside of 20.60% from the company’s current price.
According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$106.25.
Get Metro alerts:View Our Latest Stock Report on MetroMetro Price PerformanceTSE:MRU traded down C$1.72 during mid-day trading on Wednesday, reaching C$91.21.
Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.