Metro (TSE:MRU) PT Raised to C$77.00

Metro (TSE:MRU) had its target price boosted by equities research analysts at CIBC from C$76.00 to C$77.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 8.57% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada lowered their target price on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 31st. Desjardins increased their target price on shares of Metro from C$74.00 to C$75.00 and gave the stock a “hold” rating in a research report on Thursday. BMO Capital Markets upped their price target on shares of Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. TD Securities upped their price target on shares of Metro from C$78.00 to C$80.00 in a report on Thursday. Finally, National Bankshares upped their price target on shares of Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Metro has an average rating of “Hold” and a consensus price target of C$77.86.

Metro Trading Down 0.0 %

Metro stock opened at C$70.92 on Thursday. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41. The company has a market capitalization of C$16.10 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.12 and a beta of 0.04. Metro has a one year low of C$65.43 and a one year high of C$78.88. The company’s fifty day moving average price is C$72.19 and its two-hundred day moving average price is C$70.61.

Metro (TSE:MRU) last posted its earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, hitting the consensus estimate of C$0.91. The firm had revenue of C$4.66 billion for the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a net margin of 4.81% and a return on equity of 15.00%. On average, analysts forecast that Metro will post 4.2576393 earnings per share for the current fiscal year.

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.