Metro (TSE:MRU) Price Target Raised to C$100.00

Metro (TSE:MRU) had its price objective lifted by Scotiabank from C$98.00 to C$100.00 in a report released on Thursday morning,BayStreet.CA reports.

MRU has been the subject of several other research reports. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. UBS Group set a C$98.00 price objective on shares of Metro and gave the stock a “neutral” rating in a research note on Friday, December 13th. CIBC raised their target price on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. National Bankshares lifted their target price on shares of Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a report on Monday, January 13th. Finally, Desjardins upped their price target on Metro from C$85.00 to C$95.00 in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$93.56.

Metro Trading Up 0.3 %

Shares of MRU opened at C$90.81 on Thursday. Metro has a 1-year low of C$68.12 and a 1-year high of C$94.86. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. The firm’s 50-day moving average price is C$91.21 and its 200-day moving average price is C$86.41. The firm has a market capitalization of C$20.22 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 4.06 and a beta of 0.08.

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.