Metro (TSE:MRU) Price Target Raised to C$112.00

Metro (TSE:MRU) had its price objective boosted by analysts at TD Securities from C$99.00 to C$112.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 8.84% from the stock’s current price.

A number of other research firms have also recently weighed in on MRU. Royal Bank of Canada upped their target price on shares of Metro from C$90.00 to C$98.00 in a research note on Monday, April 14th. UBS Group lifted their price objective on Metro from C$99.00 to C$105.00 in a report on Thursday. Scotiabank increased their price target on Metro from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Thursday. Desjardins upped 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. Finally, CIBC increased their price objective on Metro from C$91.00 to C$106.00 in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$104.22.

Metro Stock Performance

MRU traded up C$0.82 during trading on Monday, hitting C$102.90. The stock had a trading volume of 123,919 shares, compared to its average volume of 529,355. The company has a 50 day simple moving average of C$96.19 and a 200-day simple moving average of C$91.35. Metro has a 12 month low of C$69.19 and a 12 month high of C$103.59. The firm has a market cap of C$22.76 billion, a PE ratio of 23.75, a P/E/G ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29.

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.