Analyst Price Target is C$109.13
▲ +9.26% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Metro in the last 3 months. The average price target is C$109.13, with a high forecast of C$118.00 and a low forecast of C$105.00. The average price target represents a 9.26% upside from the last price of C$99.88.
Current Consensus is
Moderate Buy
The current consensus among 6 contributing investment analysts is to moderate buy stock in Metro. This rating changed within the last month from a Hold consensus rating.
Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees. The firm also acts as a distributor, leveraging its supply chain capabilities to service smaller neighborhood grocery stores. The preponderance of its operations is in Quebec, which houses over 70% of its owned and franchised food and drug outlets.
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