National Bankshares Increases Metro (TSE:MRU) Price Target to C$82.00

Metro (TSE:MRU) had its price target hoisted by analysts at National Bankshares from C$80.00 to C$82.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 15.62% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank of Canada lowered their price objective on 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. Scotiabank lowered their price objective on Metro from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. BMO Capital Markets boosted their price objective on Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Finally, TD Securities boosted their price objective on Metro from C$78.00 to C$80.00 in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$77.86.

Metro Stock Performance

Shares of TSE MRU opened at C$70.92 on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71. The business’s 50 day moving average is C$72.19 and its two-hundred day moving average is C$70.61. The company has a market cap of C$16.10 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.12 and a beta of 0.04. Metro has a 12 month low of C$65.43 and a 12 month high of C$78.88.

Metro (TSE:MRU) last issued its quarterly 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 company had revenue of C$4.66 billion for the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a return on equity of 15.00% and a net margin of 4.81%. On average, equities analysts expect that Metro will post 4.2576393 EPS for the current year.

About Metro

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.