Metro (TSE:MRU) Stock Price Expected to Rise, TD Securities Analyst Says

Metro (TSE:MRU) had its price objective hoisted by equities research analysts at TD Securities from C$112.00 to C$118.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 11.98% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. National Bankshares increased their price objective on shares of Metro from C$102.00 to C$107.00 and gave the company a “sector perform” rating in a report on Thursday, April 17th. UBS Group increased their price objective on shares of Metro from C$99.00 to C$105.00 in a report on Thursday, April 17th. Royal Bank Of Canada increased their price objective on shares of Metro from C$98.00 to C$112.00 in a report on Monday, July 21st. Finally, Desjardins increased their price objective on shares of Metro from C$95.00 to C$105.00 and gave the company a “hold” rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Metro currently has a consensus rating of “Hold” and an average price target of C$106.44.

Metro Trading Down 0.5%

Metro stock opened at C$105.38 on Thursday. The firm has a 50 day simple moving average of C$105.35 and a 200-day simple moving average of C$100.02. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The stock has a market capitalization of C$23.30 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a 12-month low of C$78.59 and a 12-month high of C$109.20.

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.