Metro (TSE:MRU) PT Raised to C$76.00 at TD Securities

Metro (TSE:MRUGet Rating) had its price objective raised by investment analysts at TD Securities from C$75.00 to C$76.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential downside of 0.87% from the company’s current price.

Several other analysts have also issued reports on MRU. Canaccord Genuity Group boosted their price target on shares of Metro from C$71.00 to C$72.00 in a research report on Thursday. Royal Bank of Canada increased their price target on shares of Metro from C$75.00 to C$76.00 and gave the stock a “sector perform” rating in a report on Thursday. Scotiabank upped their price objective on shares of Metro from C$77.00 to C$79.00 in a research note on Thursday. BMO Capital Markets increased their price target on shares of Metro from C$78.00 to C$82.00 in a research report on Thursday. Finally, National Bankshares increased their price target on shares of Metro from C$75.00 to C$79.00 and gave the company a “sector perform” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$76.44.

Metro Stock Up 1.2 %

Shares of TSE MRU opened at C$76.67 on Thursday. The stock has a market capitalization of C$18.29 billion and a P/E ratio of 21.30. The company has a 50-day moving average price of C$70.89 and a 200-day moving average price of C$70.14. Metro has a 1 year low of C$60.59 and a 1 year high of C$76.82. The company has a debt-to-equity ratio of 62.28, a current ratio of 1.12 and a quick ratio of 0.41.

Metro Company Profile

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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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