Metro (TSE:MRU – Get Rating) had its target price boosted by research analysts at TD Securities from C$76.00 to C$77.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 3.33% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Canaccord Genuity Group lifted their price objective on shares of Metro from C$71.00 to C$72.00 in a report on Thursday, November 17th. Scotiabank raised their target price on shares of Metro from C$77.00 to C$79.00 in a research note on Thursday, November 17th. ATB Capital raised their target price on shares of Metro from C$76.00 to C$80.00 in a research note on Thursday, November 17th. National Bankshares raised their target price on shares of Metro from C$79.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on shares of Metro from C$70.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Thursday, January 19th. Six analysts have rated the stock with a hold rating, According to MarketBeat, Metro has a consensus rating of “Hold” and a consensus price target of C$77.11.
Metro Stock Down 1.4 %
MRU stock traded down C$1.06 during trading on Wednesday, hitting C$74.52. 121,228 shares of the company’s stock traded hands, compared to its average volume of 441,502. The firm has a market capitalization of C$17.52 billion and a P/E ratio of 20.70. The business has a fifty day simple moving average of C$76.16 and a two-hundred day simple moving average of C$72.58. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 62.28. Metro has a 1 year low of C$64.15 and a 1 year high of C$78.90.
Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries.
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