Metro (TSE:MRU - Get Free Report) had its price target raised by stock analysts at BMO Capital Markets from C$110.00 to C$115.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price objective would indicate a potential upside of 7.48% from the company's previous close.
MRU has been the topic of a number of other reports. Desjardins boosted 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. 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 research report on Thursday, April 17th. TD Securities boosted their price objective on shares of Metro from C$112.00 to C$118.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Royal Bank Of Canada upped their target price on shares of Metro from C$98.00 to C$112.00 in a research note on Monday, July 21st. Finally, National Bankshares upped their target price on shares of Metro from C$102.00 to C$107.00 and gave the company a "sector perform" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Metro presently has a consensus rating of "Hold" and an average target price of C$107.44.
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Metro Stock Up 1.5%
MRU stock traded up C$1.62 during mid-day trading on Tuesday, hitting C$107.00. 151,376 shares of the company were exchanged, compared to its average volume of 477,574. Metro has a twelve month low of C$78.59 and a twelve month high of C$109.20. The firm has a fifty day simple moving average of C$105.33 and a 200 day simple moving average of C$100.27. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The company has a market capitalization of C$23.66 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08.
About Metro
(
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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.
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