Metro (TSE:MRU) PT Raised to C$77.00

Metro (TSE:MRU - Get Free Report) had its price objective upped by equities researchers at CIBC from C$76.00 to C$77.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a "neutral" rating on the stock. CIBC's target price would suggest a potential upside of 8.53% from the company's current price.

Several other research analysts have also weighed in on the company. TD Securities increased their price objective on Metro from C$78.00 to C$80.00 in a research report on Thursday. Desjardins boosted their price target on shares of Metro from C$74.00 to C$75.00 and gave the company a "hold" rating in a research note on Thursday. Scotiabank lowered their price objective on shares of Metro from C$74.50 to C$74.00 and set a "sector perform" rating for the company in a research report on Monday. BMO Capital Markets boosted their target price on Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Finally, National Bankshares raised their price target on Metro from C$80.00 to C$82.00 and gave the stock a "sector perform" rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$77.86.

Metro Price Performance

MRU traded up C$0.67 during trading on Thursday, reaching C$70.95. The company's stock had a trading volume of 357,408 shares, compared to its average volume of 437,342. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71. The firm has a fifty day simple moving average of C$72.19 and a two-hundred day simple moving average of C$70.61. The company has a market cap of C$16.11 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.12 and a beta of 0.04. Metro has a 1 year low of C$65.43 and a 1 year high of C$78.88.

Metro (TSE:MRU - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.91. The firm had revenue of C$4.66 billion during the quarter, compared to analysts' expectations of C$4.63 billion. Metro had a net margin of 4.81% and a return on equity of 15.00%. As a group, analysts anticipate that Metro will post 4.2576393 EPS for the current year.

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.