Metro Inc. (TSE:MRU - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$101.28 and traded as high as C$102.26. Metro shares last traded at C$99.78, with a volume of 557,540 shares traded.
Analysts Set New Price Targets
A number of research analysts recently issued reports on MRU shares. National Bankshares decreased their price objective on shares of Metro from C$111.00 to C$110.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. BMO Capital Markets lifted their price objective on shares of Metro from C$110.00 to C$115.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted their price objective on shares of Metro from C$98.00 to C$112.00 in a research note on Monday, July 21st. Finally, TD Securities lifted their price objective on shares of Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$110.13.
Check Out Our Latest Stock Analysis on MRU
Metro Trading Down 0.7%
The company has a market cap of C$21.75 billion, a price-to-earnings ratio of 22.70, 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. The business's fifty day moving average price is C$104.29 and its 200 day moving average price is C$101.44.
About Metro
(
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Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.
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