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Industry NewsMetro poised for growth: analysts

Metro poised for growth: analysts


A market report on Metro recently issued by Seeking Alpha says the company’s potential for growth has been overlooked by the market, with shares trading at a 3-34 per cent discount to their implied value.

The analysis cites Metro’s ability to maintain strong financial fundamentals, with dividends growing for 23 consecutive years. The company is commended for its ability to adapt to trends in the grocery business, such as competitive pressure from SuperCentre stores and evolving consumer preferences.

Seeking Alpha says Metro’s recent acquisition of Jean Coutu positions it to diversify its revenue stream outside the realm of low-margin grocery goods.

Read the Seeking Alpha report here.

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