Scotiabank Raises Metro (TSE:MRU) Price Target to C$100.00

Metro (TSE:MRU) had its target price increased by Scotiabank from C$98.00 to C$100.00 in a research report report published on Thursday,BayStreet.CA reports.

MRU has been the subject of several other reports. Desjardins lifted their price objective on shares of Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. 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 report on Monday, January 13th. UBS Group set a C$98.00 price objective on Metro and gave the company a “neutral” rating in a report on Friday, December 13th. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, CIBC upped their price target on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Metro presently has a consensus rating of “Hold” and a consensus price target of C$93.56.

Metro Stock Performance

TSE:MRU opened at C$90.58 on Thursday. Metro has a 52 week low of C$68.12 and a 52 week high of C$94.86. The company has a fifty day simple moving average of C$91.16 and a two-hundred day simple moving average of C$86.30. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The company has a market cap of C$20.16 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08.

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.