Metro (TSE:MRU) Stock Price Expected to Rise, National Bankshares Analyst Says

Metro (TSE:MRU) had its price objective lifted by equities research analysts at National Bankshares from C$107.00 to C$111.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 3.68% from the company’s previous close.

Other analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of Metro from C$99.00 to C$105.00 in a research report on Thursday, April 17th. Scotiabank boosted their price objective on shares of Metro from C$100.00 to C$110.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. 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 note on Thursday, July 31st. BMO Capital Markets boosted their price target on Metro from C$110.00 to C$115.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Royal Bank Of Canada increased their price objective on Metro from C$98.00 to C$112.00 in a report on Monday, July 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$107.44.

Metro Trading Up 0.1%

Shares of TSE: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. The firm has a market capitalization of C$23.68 billion, a P/E ratio of 24.71, a P/E/G ratio of 4.06 and a beta of 0.08. The business’s 50-day moving average is C$105.31 and its 200 day moving average is C$100.31. Metro has a 1 year low of C$78.59 and a 1 year 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.