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

Metro (TSE:MRU) had its price target increased by equities researchers at CIBC from C$76.00 to C$77.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price points to a potential upside of 8.57% from the company’s previous close.

A number of other equities research analysts have also recently commented on MRU. Desjardins increased their target price on Metro from C$74.00 to C$75.00 and gave the company a “hold” rating in a report on Thursday. Scotiabank lowered their target price on Metro from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Royal Bank of Canada decreased their price objective on Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 31st. TD Securities raised their price objective on Metro from C$78.00 to C$80.00 in a report on Thursday. Finally, BMO Capital Markets raised their price objective on Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$77.86.

Metro Price Performance

Shares of TSE:MRU opened at C$70.92 on Thursday. The business’s fifty day moving average price is C$72.19 and its two-hundred day moving average price is C$70.61. The stock has a market cap of C$16.10 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The company has a debt-to-equity ratio of 65.71, a quick ratio of 0.41 and a current ratio of 1.16. Metro has a one year low of C$65.43 and a one year high of C$78.88.

Metro (TSE:MRU) last announced its earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, meeting analysts’ consensus estimates of C$0.91. The firm had revenue of C$4.66 billion for the quarter, compared to analysts’ expectations of C$4.63 billion. Metro had a return on equity of 15.00% and a net margin of 4.81%. On average, analysts forecast that Metro will post 4.2576393 EPS for the current fiscal 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.