Metro (TSE:MRU) Price Target Raised to C$100.00

Metro (TSE:MRU) had its price target raised by equities research analysts at Scotiabank from C$98.00 to C$100.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 9.81% from the company’s previous close.

A number of other analysts have also issued reports on MRU. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Desjardins lifted their price target on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. CIBC upped their target price on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. UBS Group set a C$98.00 target price on Metro and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, National Bankshares boosted their target price on shares of Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a research note on Monday, January 13th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$93.56.

Metro Stock Down 0.6 %

TSE MRU traded down C$0.56 during trading hours on Thursday, hitting C$91.07. The company had a trading volume of 86,912 shares, compared to its average volume of 355,755. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. Metro has a fifty-two week low of C$68.12 and a fifty-two week high of C$94.86. The company has a market capitalization of C$20.27 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 4.06 and a beta of 0.08. The firm’s 50 day moving average is C$91.16 and its 200 day moving average is C$86.30.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.