Metro (TSE:MRU - Get Free Report) had its target price raised by stock analysts at National Bankshares from C$107.00 to C$111.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price target would suggest a potential upside of 3.74% from the company's previous close.
Several other research firms have also commented on MRU. Desjardins lifted their price target on Metro from C$95.00 to C$105.00 and gave the stock a "hold" rating in a report on Thursday, April 17th. CIBC raised their price objective on Metro from C$91.00 to C$106.00 in a research report on Thursday, April 17th. BMO Capital Markets raised their price objective on Metro from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Tuesday. TD Securities raised their price objective on Metro from C$112.00 to C$118.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Scotiabank lifted their target price 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Metro presently has a consensus rating of "Hold" and an average price target of C$107.44.
View Our Latest Report on Metro
Metro Trading Up 1.5%
Shares of TSE MRU traded up C$1.62 during trading on Tuesday, hitting C$107.00. 151,376 shares of the company were exchanged, compared to its average volume of 477,574. Metro has a 12-month low of C$78.59 and a 12-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 company has a fifty day moving average price of C$105.33 and a 200-day moving average price of C$100.27. The firm has a market capitalization of C$23.66 billion, a PE ratio of 24.70, a P/E/G ratio of 4.06 and a beta of 0.08.
About Metro
(
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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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