National Bankshares Cuts Metro (TSE:MRU) Price Target to C$110.00

Key Points

• National Bankshares has reduced its target price for Metro (TSE:MRU) stock from C$111.00 to C$110.00 while maintaining a "sector perform" rating, indicating an 11.63% potential upside from the previous close.
• Other analysts have varied opinions, with UBS Group raising their target to C$105.00 and Scotiabank setting it at C$110.00, resulting in a consensus rating of "Hold" and an average target of C$107.33.
• As of Thursday, Metro's stock traded down to C$98.54, with a market capitalization of C$21.79 billion and a 52-week price range between C$81.01 and C$109.20.

Metro (TSE:MRU - Get Free Report) had its price target lowered by investment analysts at National Bankshares from C$111.00 to C$110.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' price target would indicate a potential upside of 8.58% from the stock's current price.

Several other analysts have also recently commented on the stock. CIBC upped their target price on shares of Metro from C$91.00 to C$106.00 in a research report on Thursday, April 17th. Scotiabank upped their target price on shares of Metro from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. BMO Capital Markets upped their target price 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, August 5th. UBS Group upped their target price on shares of Metro from C$99.00 to C$105.00 in a research report on Thursday, April 17th. Finally, Royal Bank Of Canada upped their target price on shares of Metro from C$98.00 to C$112.00 in a research report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Metro currently has a consensus rating of "Hold" and a consensus target price of C$110.13.

Metro Trading Up 0.4%

TSE:MRU traded up C$0.39 during trading hours on Thursday, hitting C$101.31. 701,741 shares of the stock were exchanged, compared to its average volume of 476,482. The company's 50 day moving average is C$104.65 and its two-hundred day moving average is C$101.15. Metro has a twelve month low of C$81.01 and a twelve month 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. The company has a market capitalization of C$22.40 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08.

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.