Metro (TSE:MRU) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Metro (TSE:MRU) from a market perform rating to an outperform rating in a research report released on Thursday, MarketBeat reports. They currently have C$96.00 target price on the stock, up from their prior target price of C$92.00.

Other analysts also recently issued research reports about the stock. CIBC lifted their target price on shares of Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Desjardins boosted their price objective on Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Scotiabank increased their target price on Metro from C$98.00 to C$100.00 in a research note on Thursday. Royal Bank of Canada downgraded Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, National Bankshares increased their price target on shares of Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$93.56.

Metro Price Performance

Shares of MRU opened at C$90.81 on Thursday. The firm has a 50-day simple moving average of C$91.21 and a two-hundred day simple moving average of C$86.41. The stock has a market cap of C$20.22 billion, a PE ratio of 22.20, a P/E/G ratio of 4.06 and a beta of 0.08. Metro has a 1-year low of C$68.12 and a 1-year high of C$94.86. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41.

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.