Brokerages Set Metro Inc. (TSE:MRU) Price Target at C$109.25

Shares of Metro Inc. (TSE:MRU) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$109.25.

Several analysts have recently weighed in on the stock. BMO Capital Markets decreased their price target on Metro from C$115.00 to C$110.00 in a research note on Monday, November 3rd. Royal Bank Of Canada boosted their target price on shares of Metro from C$112.00 to C$113.00 and gave the stock a “sector perform” rating in a research report on Friday. Scotiabank increased their price target on shares of Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Desjardins set a C$105.00 price objective on shares of Metro and gave the company a “hold” rating in a research note on Thursday, November 20th. Finally, National Bankshares set a C$107.00 price objective on shares of Metro and gave the stock an “outperform” rating in a report on Monday, January 19th.

Metro Price Performance

Metro stock opened at C$99.38 on Friday. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. Metro has a 1 year low of C$87.76 and a 1 year high of C$109.20. The stock has a market capitalization of C$21.24 billion, a P/E ratio of 21.46, a P/E/G ratio of 4.06 and a beta of 0.11. The company’s fifty day moving average price is C$98.96 and its 200 day moving average price is C$98.40.

Metro (TSE:MRU) last released its quarterly earnings data on Wednesday, November 19th. The company reported C$1.13 earnings per share (EPS) for the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. The business had revenue of C$5.11 billion during the quarter. As a group, equities research analysts anticipate that Metro will post 4.8188614 earnings per share for the current fiscal year.

About Metro

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.