Metro (TSE:MRU) Given New C$98.00 Price Target at Royal Bank of Canada

Metro (TSE:MRU - Get Free Report) had its target price upped by stock analysts at Royal Bank of Canada from C$90.00 to C$98.00 in a report released on Monday,BayStreet.CA reports. Royal Bank of Canada's price objective indicates a potential downside of 4.00% from the company's current price.

Other analysts have also issued research reports about the company. UBS Group upped their target price on Metro from C$98.00 to C$99.00 in a report on Thursday, January 30th. BMO Capital Markets upped their price target on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. National Bankshares lifted their target price on Metro from C$94.00 to C$102.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 2nd. Finally, Scotiabank boosted their price target on Metro from C$98.00 to C$100.00 in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of C$102.00.

Metro Trading Up 0.9 %

Metro stock traded up C$0.95 during midday trading on Monday, hitting C$102.08. 408,201 shares of the stock were exchanged, compared to its average volume of 534,845. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. Metro has a 52 week low of C$69.19 and a 52 week high of C$103.59. The company has a fifty day simple moving average of C$96.19 and a two-hundred day simple moving average of C$91.26. The stock has a market capitalization of C$22.58 billion, a PE ratio of 23.57, a P/E/G 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.