National Bankshares Cuts Metro (TSE:MRU) Price Target to C$107.00

Key Points

• National Bankshares has reduced Metro's target price from C$110.00 to C$107.00, but maintains a "sector perform" rating on the stock.
• Other analysts, like Royal Bank of Canada and TD Securities, have raised their price targets for Metro, with estimates ranging from C$112.00 to C$118.00, indicating mixed sentiment among analysts.
• Metro's current stock price is C$94.65, with a twelve-month high of C$109.20 and a market capitalization of C$20.59 billion.

Metro (TSE:MRU - Get Free Report) had its target price cut by equities researchers at National Bankshares from C$110.00 to C$107.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' target price suggests a potential upside of 13.05% from the company's current price.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Metro from C$98.00 to C$112.00 in a research note on Monday, July 21st. TD Securities upped their price objective on shares of Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, BMO Capital Markets upped their target price on shares of Metro from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$109.75.

Metro Price Performance

MRU traded down C$0.01 during trading on Wednesday, hitting C$94.65. 251,550 shares of the stock traded hands, compared to its average volume of 496,893. Metro has a twelve month low of C$81.01 and a twelve month high of C$109.20. The company has a market cap of C$20.59 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 4.06 and a beta of 0.22. 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 has a 50 day moving average price of C$96.85 and a 200 day moving average price of C$101.50.

About Metro

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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