Royal Bank of Canada Boosts Metro (TSE:MRU) Price Target to C$90.00

Metro (TSE:MRU) had its price objective boosted by Royal Bank of Canada from C$84.00 to C$90.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 3.53% from the company’s previous close.

A number of other equities analysts also recently issued reports on MRU. Desjardins raised their price objective on Metro from C$75.00 to C$80.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. CIBC increased their price objective on Metro from C$77.00 to C$86.00 in a research note on Thursday, August 15th. BMO Capital Markets upped their price target on Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. TD Securities upgraded Metro from a “hold” rating to a “buy” rating and raised their price objective for the company from C$80.00 to C$92.00 in a research note on Monday, July 22nd. Finally, National Bankshares increased their target price on shares of Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Metro presently has an average rating of “Hold” and an average price target of C$85.00.

Metro Trading Up 0.9 %

Shares of TSE MRU traded up C$0.77 during midday trading on Tuesday, reaching C$86.93. 191,445 shares of the stock were exchanged, compared to its average volume of 439,846. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. Metro has a 12 month low of C$65.43 and a 12 month high of C$87.24. The business has a 50-day simple moving average of C$84.41 and a two-hundred day simple moving average of C$79.92. The company has a market capitalization of C$19.35 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 4.06 and a beta of 0.08.

Metro (TSE:MRU) last announced its earnings results on Wednesday, August 14th. The company reported C$1.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$1.35. Metro had a return on equity of 13.74% and a net margin of 4.36%. The business had revenue of C$6.65 billion for the quarter, compared to analyst estimates of C$6.58 billion. As a group, equities research analysts expect that Metro will post 4.8188614 EPS for the current 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.