Metro (TSE:MRU) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Metro (TSE:MRU) had its price objective lifted by equities research analysts at BMO Capital Markets from C$110.00 to C$115.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 7.42% from the stock’s current price.

Several other brokerages have also recently issued reports on MRU. TD Securities raised their target price on Metro from C$112.00 to C$118.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on shares of Metro from C$98.00 to C$112.00 in a research note on Monday, July 21st. UBS Group raised their price objective on shares of Metro from C$99.00 to C$105.00 in a report on Thursday, April 17th. CIBC upped their target price on shares of Metro from C$91.00 to C$106.00 in a report on Thursday, April 17th. Finally, Desjardins increased their price target on shares of Metro from C$95.00 to C$105.00 and gave the stock a “hold” rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$107.44.

Metro Stock Performance

Shares of MRU opened at C$107.06 on Tuesday. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. Metro has a one year low of C$78.59 and a one year high of C$109.20. The firm has a market capitalization of C$23.68 billion, a P/E ratio of 24.71, a PEG ratio of 4.06 and a beta of 0.08. The business has a fifty day moving average of C$105.31 and a 200 day moving average of C$100.31.

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.