TD Securities Increases Metro (TSE:MRU) Price Target to C$80.00

Metro (TSE:MRU) had its target price boosted by equities researchers at TD Securities from C$78.00 to C$80.00 in a report issued on Thursday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 12.80% from the stock’s current price.

A number of other brokerages have also weighed in on MRU. National Bankshares lifted their price objective on shares of Metro from C$80.00 to C$81.00 and gave the company a “sector perform” rating in a report on Monday, January 15th. BMO Capital Markets lifted their price objective on shares of Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. Scotiabank decreased their price objective on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada decreased their price objective on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$77.86.

Metro Price Performance

MRU stock opened at C$70.92 on Thursday. Metro has a 12 month low of C$65.43 and a 12 month high of C$78.88. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 65.71. The company has a 50-day moving average price of C$72.19 and a 200 day moving average price of C$70.61. The stock has a market cap of C$16.10 billion, a PE ratio of 16.23, a P/E/G ratio of 2.12 and a beta of 0.04.

Metro (TSE:MRU) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.91. Metro had a net margin of 4.81% and a return on equity of 15.00%. The company had revenue of C$4.66 billion during the quarter, compared to analyst estimates of C$4.63 billion. Equities research analysts anticipate that Metro will post 4.2576393 earnings per share 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.