TD Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Key Points

• TD raised Metro’s price target from C$106 to C$108 and maintained a “buy” rating, implying approximately 20.55% upside from the stock’s current price.
• Analyst sentiment remains mixed: several firms lowered their targets or kept “hold,” “neutral,” or “sector perform” ratings. Metro’s consensus rating is “Hold,” with an average price target of C$102.33.
• Metro shares traded at C$89.59, near the lower end of their 12-month range, while the company recently reported quarterly revenue of C$6.97 billion and earnings of C$1.24 per share.

Metro (TSE:MRU - Get Free Report) had its target price upped by equities research analysts at TD from C$106.00 to C$108.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD's price target points to a potential upside of 20.55% from the company's current price.

Several other analysts also recently commented on MRU. National Bank Financial dropped their price objective on shares of Metro from C$105.00 to C$102.00 and set a "sector perform" rating on the stock in a report on Thursday. Scotia reduced their target price on shares of Metro from C$103.00 to C$96.00 and set a "sector perform" rating for the company in a report on Thursday, April 23rd. BMO Capital Markets downgraded shares of Metro from an "outperform" rating to a "hold" rating and decreased their target price for the company from C$105.00 to C$95.00 in a research report on Monday, July 20th. Canadian Imperial Bank of Commerce lowered their price target on shares of Metro from C$101.00 to C$97.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. Finally, Desjardins cut their price target on Metro from C$99.00 to C$97.00 and set a "hold" rating on the stock in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Metro has an average rating of "Hold" and an average target price of C$102.33.

Metro Stock Performance

Shares of TSE:MRU traded down C$0.39 during trading on Thursday, hitting C$89.59. The stock had a trading volume of 222,575 shares, compared to its average volume of 532,578. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 69.30. Metro has a 12-month low of C$86.63 and a 12-month high of C$102.71. The stock has a market capitalization of C$18.90 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 4.06 and a beta of 0.18. The stock has a 50-day simple moving average of C$92.23 and a two-hundred day simple moving average of C$92.91.

Metro (TSE:MRU - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$1.24 EPS for the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%.The firm had revenue of C$6.97 billion for the quarter. On average, equities research analysts expect that Metro will post 4.8188614 earnings per share for the current fiscal year.

About Metro

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.

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