National Bankshares Has Lowered Expectations for Metro (TSE:MRU) Stock Price

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 target price cut by research analysts at National Bankshares from C$111.00 to C$110.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price target would indicate a potential upside of 11.63% from the company's previous close.

Other equities analysts also recently issued reports about the stock. UBS Group upped their price target on shares of Metro from C$99.00 to C$105.00 in a research note on Thursday, April 17th. Scotiabank upped 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 report on Thursday, April 17th. TD Securities upped their price objective on shares of Metro from C$112.00 to C$118.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Desjardins upped 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, CIBC upped their price objective on shares of Metro from C$91.00 to C$106.00 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$107.33.

Metro Stock Performance

Shares of MRU stock traded down C$0.04 on Thursday, hitting C$98.54. The company's stock had a trading volume of 199,300 shares, compared to its average volume of 474,053. 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 stock's 50 day moving average is C$105.03 and its 200-day moving average is C$100.82. Metro has a fifty-two week low of C$81.01 and a fifty-two week high of C$109.20. The company has a market capitalization of C$21.79 billion, a PE ratio of 22.75, a PEG ratio of 4.06 and a beta of 0.08.

Metro Company Profile

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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