Metro (TSE:MRU) Price Target Cut to C$76.00

Metro (TSE:MRU) had its price objective decreased by equities research analysts at CIBC from C$80.00 to C$76.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 8.32% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada lifted their price objective on Metro from C$82.00 to C$84.00 in a report on Monday, November 6th. BMO Capital Markets cut their price objective on Metro from C$82.00 to C$77.00 and set a “market perform” rating for the company in a report on Thursday, August 3rd. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$77.14.

Metro Stock Down 0.1 %

Shares of TSE MRU opened at C$70.16 on Thursday. The stock has a market cap of C$16.12 billion, a PE ratio of 17.15, a PEG ratio of 2.12 and a beta of 0.05. The business has a fifty day moving average of C$71.66 and a two-hundred day moving average of C$72.23. Metro has a 52-week low of C$68.14 and a 52-week high of C$78.90. The company has a debt-to-equity ratio of 64.05, a quick ratio of 0.41 and a current ratio of 1.20.

About Metro

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.