Desjardins Raises Metro (TSE:MRU) Price Target to C$80.00

Metro (TSE:MRU) had its target price lifted by Desjardins from C$75.00 to C$80.00 in a research note released on Tuesday morning, BayStreet.CA reports. They currently have a hold rating on the stock. Desjardins also issued estimates for Metro’s Q3 2024 earnings at $1.35 EPS, Q4 2024 earnings at $0.98 EPS and FY2024 earnings at $4.27 EPS.

Other equities research analysts also recently issued research reports about the stock. Scotiabank reduced their price target on shares of Metro from C$74.50 to C$74.00 and set a sector perform rating for the company in a research report on Monday, April 22nd. TD Securities raised Metro from a hold rating to a buy rating and lifted their target price for the stock from C$80.00 to C$92.00 in a report on Monday, July 22nd. Royal Bank of Canada boosted their price target on Metro from C$82.00 to C$84.00 in a research note on Friday, July 12th. BMO Capital Markets lifted their price objective on Metro from C$75.00 to C$83.00 and gave the stock a market perform rating in a report on Wednesday, August 7th. Finally, CIBC upped their target price on shares of Metro from C$76.00 to C$77.00 and gave the company a neutral rating in a research note on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Metro has a consensus rating of Hold and a consensus price target of C$84.25.

Metro Trading Up 2.4 %

Metro stock opened at C$84.15 on Tuesday. Metro has a 12 month low of C$65.43 and a 12 month high of C$84.78. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 64.39. The business’s fifty day simple moving average is C$78.43 and its two-hundred day simple moving average is C$74.38. The company has a market capitalization of C$18.99 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.05.

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.