BMO Capital Markets Forecasts Strong Price Appreciation for Metro (TSE:MRU) Stock

Key Points

• BMO Capital Markets has raised Metro's price target from C$110.00 to C$115.00, suggesting a potential upside of 7.48% from its previous close.
• The stock is currently rated as "outperform" by BMO, while other analysts have varied ratings, with the consensus rating being "Hold" and an average target price of C$107.44.
• Metro's stock recently increased by 1.5% during trading, reaching C$107.00, with a twelve-month price range between C$78.59 and C$109.20.

Metro (TSE:MRU - Get Free Report) had its price target boosted by BMO Capital Markets from C$110.00 to C$115.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price objective suggests a potential upside of 9.58% from the stock's current price.

A number of other brokerages have also commented on MRU. Scotiabank increased their price objective on 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 increased their price objective on Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. UBS Group increased their price target on Metro from C$99.00 to C$105.00 in a research note on Thursday, April 17th. Desjardins increased their price target on Metro from C$95.00 to C$105.00 and gave the company a "hold" rating in a research note on Thursday, April 17th. Finally, National Bankshares increased their price target on 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Metro presently has a consensus rating of "Hold" and a consensus price target of C$107.44.

Metro Trading Down 0.4%

MRU traded down C$0.42 during mid-day trading on Tuesday, reaching C$104.95. The stock had a trading volume of 344,058 shares, compared to its average volume of 475,705. The stock has a market capitalization of C$23.21 billion, a P/E ratio of 24.23, a P/E/G ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The firm's fifty day simple moving average is C$105.22 and its two-hundred day simple moving average is C$100.64. Metro has a 52 week low of C$78.78 and a 52 week high of C$109.20.

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.