Scotiabank Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price target boosted by equities researchers at Scotiabank from C$98.00 to C$100.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 9.81% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. National Bankshares lifted their price target on Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a research note on Monday, January 13th. UBS Group set a C$98.00 price target on shares of Metro and gave the company a “neutral” rating in a report on Friday, December 13th. Royal Bank of Canada downgraded shares of Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. CIBC lifted their price objective on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Finally, Desjardins increased their target price on Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$93.56.

Metro Price Performance

Shares of MRU traded down C$0.56 during trading hours on Thursday, hitting C$91.07. 86,912 shares of the company were exchanged, compared to its average volume of 355,755. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The company has a market capitalization of C$20.27 billion, a PE ratio of 22.27, a PEG ratio of 4.06 and a beta of 0.08. The firm has a fifty day simple moving average of C$91.16 and a 200-day simple moving average of C$86.30. Metro has a one year low of C$68.12 and a one year high of C$94.86.

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.