Metro (TSE:MRU) Price Target Raised to C$118.00 at TD Securities

Key Points

• TD Securities has raised its price target for Metro from C$112.00 to C$118.00, indicating a potential upside of 11.54% from its current price.
• Multiple brokerages have recently adjusted their price targets for Metro, with Scotiabank setting a new target of C$110.00 and Royal Bank of Canada adjusting theirs to C$112.00.
• Metro stock is currently trading at C$105.79 with a market capitalization of C$23.40 billion and has seen a twelve-month trading range between C$78.59 and C$109.20.

Metro (TSE:MRU - Get Free Report) had its price objective upped by analysts at TD Securities from C$112.00 to C$118.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 11.98% from the company's previous close.

Several other brokerages have also issued reports on MRU. UBS Group boosted their target price on Metro from C$99.00 to C$105.00 in a research report on Thursday, April 17th. BMO Capital Markets boosted their target price on Metro from C$96.00 to C$110.00 in a research report on Friday, April 4th. Desjardins boosted their target price on Metro from C$95.00 to C$105.00 and gave the company a "hold" rating in a research report on Thursday, April 17th. CIBC lifted their price target on shares of Metro from C$91.00 to C$106.00 in a research note on Thursday, April 17th. Finally, National Bankshares lifted their price target 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$106.44.

Metro Trading Down 0.5%

Shares of TSE:MRU traded down C$0.57 during trading hours on Thursday, hitting C$105.38. 340,661 shares of the company's stock traded hands, compared to its average volume of 479,844. Metro has a 1 year low of C$78.59 and a 1 year high of C$109.20. The business has a fifty day moving average price of C$105.35 and a 200-day moving average price of C$100.17. The firm has a market capitalization of C$23.30 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41.

About Metro

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.