Scotiabank Increases Metro (TSE:MRU) Price Target to C$110.00

Metro (TSE:MRU) had its price target boosted by equities research analysts at Scotiabank from C$100.00 to C$110.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 7.76% from the stock’s previous close.

Several other research firms also recently weighed in on MRU. BMO Capital Markets raised their price objective on Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. Desjardins lifted their price target on Metro from C$95.00 to C$105.00 and gave the stock a “hold” rating in a research note on Thursday. National Bankshares increased their price objective on shares of Metro from C$94.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 2nd. UBS Group lifted their target price on shares of Metro from C$99.00 to C$105.00 in a research report on Thursday. Finally, CIBC upped their price target on shares of Metro from C$91.00 to C$106.00 in a report on Thursday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Metro presently has an average rating of “Hold” and a consensus price target of C$102.00.

Metro Trading Up 0.9 %

Shares of Metro stock opened at C$102.08 on Thursday. The company has a 50-day moving average of C$96.19 and a two-hundred day moving average of C$91.26. Metro has a 12-month low of C$69.19 and a 12-month high of C$103.59. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The stock has a market cap of C$22.58 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08.

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.