National Bankshares Boosts Metro (TSE:MRU) Price Target to C$111.00

Key Points

• Metro's target price was raised by National Bankshares from C$107.00 to C$111.00, indicating a potential upside of 3.74% from the previous close.
• Multiple analysts have increased their price targets for Metro, with BMO Capital Markets and TD Securities forecasting targets of C$115.00 and C$118.00, respectively.
• The stock is currently rated as a "Hold" by analysts, with a consensus average price target of C$107.44.

Metro (TSE:MRU - Free Report) had its price objective lifted by National Bankshares from C$107.00 to C$111.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts have also recently weighed in on MRU. Scotiabank boosted their price objective on shares of Metro from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. BMO Capital Markets upped their price target on shares of Metro from C$110.00 to C$115.00 and gave the company an "outperform" rating in a research report on Tuesday. TD Securities upped their price target on shares of Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Desjardins increased their price objective 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. Finally, UBS Group increased their price objective on shares of Metro from C$99.00 to C$105.00 in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$107.44.

Metro Price Performance

Shares of TSE MRU traded down C$0.42 during midday trading on Tuesday, reaching C$104.95. 344,058 shares of the company were exchanged, compared to its average volume of 475,705. The stock's 50-day moving average price is C$105.22 and its 200-day moving average price is C$100.64. The stock has a market cap of C$23.21 billion, a P/E ratio of 24.23, a PEG ratio of 4.06 and a beta of 0.08. Metro has a one year low of C$78.78 and a one year high of C$109.20. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29.

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.