Metro (TSE:MRU) Price Target Cut to C$74.00

Metro (TSE:MRU - Get Free Report) had its price target lowered by equities researchers at Scotiabank from C$74.50 to C$74.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 6.37% from the company's current price.

A number of other research firms also recently issued reports on MRU. BMO Capital Markets raised their price target on shares of Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. National Bankshares increased their price target on Metro from C$80.00 to C$81.00 and gave the stock a "sector perform" rating in a research report on Monday, January 15th. TD Securities boosted their price objective on Metro from C$76.00 to C$78.00 and gave the company a "hold" rating in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada dropped their target price on Metro from C$83.00 to C$82.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, Metro currently has an average rating of "Hold" and a consensus target price of C$77.14.

Metro Stock Down 0.2 %

MRU stock traded down C$0.13 during midday trading on Monday, hitting C$69.57. 629,134 shares of the company's stock were exchanged, compared to its average volume of 436,744. The firm has a 50 day moving average price of C$72.14 and a 200-day moving average price of C$70.64. Metro has a 12-month low of C$65.43 and a 12-month high of C$78.88. The stock has a market capitalization of C$15.79 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 65.71.

Metro (TSE:MRU - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.99 by C$0.03. The firm had revenue of C$4.97 billion for the quarter, compared to analysts' expectations of C$4.86 billion. Metro had a net margin of 4.81% and a return on equity of 15.00%. On average, analysts anticipate that Metro will post 4.2576393 EPS for the current year.

About Metro

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.