Metro (TSE:MRU – Get Rating) had its price objective hoisted by stock analysts at Scotiabank from C$77.00 to C$79.00 in a research note issued on Thursday, BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 3.04% from the company’s previous close.
Several other research analysts have also issued reports on the company. National Bankshares increased their price objective on Metro from C$74.00 to C$75.00 and gave the stock a “sector perform” rating in a research note on Friday, July 29th. Desjardins boosted their price target on Metro from C$70.00 to C$73.00 in a research report on Thursday, August 11th. ATB Capital boosted their target price on Metro from C$76.00 to C$80.00 in a report on Thursday. Royal Bank of Canada upped their target price on Metro from C$74.00 to C$75.00 and gave the company a “sector perform” rating in a research report on Monday, November 7th. Finally, CIBC cut their target price on Metro from C$73.00 to C$71.00 and set a “neutral” rating for the company in a research report on Thursday, August 11th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Metro presently has a consensus rating of “Hold” and a consensus target price of C$76.44.
Metro Stock Performance
MRU stock opened at C$76.67 on Thursday. The company has a market capitalization of C$18.29 billion and a P/E ratio of 21.30. The company has a 50-day simple moving average of C$70.89 and a 200 day simple moving average of C$70.14. Metro has a fifty-two week low of C$60.59 and a fifty-two week high of C$76.82. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 62.28.
Metro Company Profile
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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