Metro (TSE:MRU) Given New C$118.00 Price Target 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 target price lifted by research analysts at TD Securities from C$112.00 to C$118.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 11.54% from the stock's current price.

Several other brokerages have also recently commented on MRU. Scotiabank increased their price target 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. Royal Bank Of Canada increased their target price on Metro from C$98.00 to C$112.00 in a research note on Monday, July 21st. UBS Group raised their target price on Metro from C$99.00 to C$105.00 in a report on Thursday, April 17th. BMO Capital Markets raised their target price on Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. Finally, Desjardins raised their price objective on Metro from C$95.00 to C$105.00 and gave the company a "hold" rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of C$106.44.

Metro Price Performance

Metro stock traded up C$0.09 on Thursday, reaching C$105.79. The company's stock had a trading volume of 112,006 shares, compared to its average volume of 479,584. The company has a market cap of C$23.40 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 4.06 and a beta of 0.08. Metro has a twelve month low of C$78.59 and a twelve month high of C$109.20. 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 business's fifty day moving average price is C$105.33 and its 200 day moving average price is C$99.80.

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.

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