National Bankshares Cuts Metro (TSE:MRU) Price Target to C$110.00

Metro (TSE:MRU) had its price objective lowered by National Bankshares from C$111.00 to C$110.00 in a research report report published on Thursday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other research firms have also commented on MRU. Desjardins raised their price target 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. UBS Group increased their price objective on shares of Metro from C$99.00 to C$105.00 in a research report on Thursday, April 17th. Scotiabank raised their target price on shares of Metro from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. TD Securities lifted their target price on shares of Metro from C$112.00 to C$118.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, BMO Capital Markets increased their price target on Metro from C$110.00 to C$115.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$110.13.

Metro Stock Performance

Shares of TSE:MRU opened at C$99.12 on Thursday. The firm has a market capitalization of C$21.92 billion, a PE ratio of 22.88, a P/E/G ratio of 4.06 and a beta of 0.08. Metro has a 12 month low of C$81.01 and a 12 month high of C$109.20. 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 business has a 50-day moving average of C$104.78 and a two-hundred day moving average of C$101.00.

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.