TD Securities Increases Metro (TSE:MRU) Price Target to C$80.00

Metro (TSE:MRU) had its price objective raised by TD Securities from C$78.00 to C$80.00 in a research note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 12.80% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada dropped their price target on Metro from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a report on Wednesday, January 31st. National Bankshares raised 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. Scotiabank reduced their price target on Metro from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, BMO Capital Markets lifted their target price on Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$77.86.

Metro Price Performance

Shares of TSE:MRU opened at C$70.92 on Thursday. The business has a 50 day moving average price of C$72.19 and a 200 day moving average price of C$70.61. Metro has a twelve month low of C$65.43 and a twelve month high of C$78.88. The company has a market cap of C$16.10 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.12 and a beta of 0.04. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71.

Metro (TSE:MRU) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, meeting the consensus estimate of C$0.91. The firm had revenue of C$4.66 billion during 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%. Research analysts predict that Metro will post 4.2576393 earnings per share for the current year.

Metro Company Profile

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.