CIBC Raises Metro (TSE:MRU) Price Target to C$106.00

Metro (TSE:MRU) had its target price upped by analysts at CIBC from C$91.00 to C$106.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 3.84% from the stock’s current price.

A number of other research firms have also recently weighed in on MRU. Royal Bank of Canada upped their price target on Metro from C$90.00 to C$98.00 in a report on Monday, April 14th. BMO Capital Markets boosted their price objective on Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. Scotiabank lifted their price target on shares of Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. UBS Group boosted their price objective on shares of Metro from C$99.00 to C$105.00 in a report on Thursday. Finally, National Bankshares increased their target price on shares of Metro from C$94.00 to C$102.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$102.00.

Metro Stock Up 0.9 %

Shares of MRU opened at C$102.08 on Thursday. The stock’s 50-day moving average price is C$96.19 and its 200-day moving average price is C$91.26. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. The company has a market capitalization of C$22.58 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 4.06 and a beta of 0.08. Metro has a 52 week low of C$69.19 and a 52 week high of C$103.59.

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.