Metro (TSE:MRU) Given New C$74.00 Price Target at Scotiabank

Metro (TSE:MRU) had its price objective decreased by investment analysts at Scotiabank from C$74.50 to C$74.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 5.87% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada decreased their target price on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 31st. National Bankshares increased their target price on shares of Metro from C$80.00 to C$81.00 and gave the stock a “sector perform” rating in a research note on Monday, January 15th. BMO Capital Markets raised their price objective on shares of Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Finally, TD Securities raised their price objective on shares of Metro from C$76.00 to C$78.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$77.14.

Metro Stock Performance

TSE MRU opened at C$69.90 on Monday. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41. Metro has a 1 year low of C$65.43 and a 1 year high of C$78.88. The company has a market capitalization of C$15.87 billion, a PE ratio of 16.00, a P/E/G ratio of 2.12 and a beta of 0.04. The company has a fifty day moving average of C$72.18 and a two-hundred day moving average of C$70.61.

Metro (TSE:MRU) last announced its earnings results on Tuesday, January 30th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.99 by C$0.03. Metro had a net margin of 4.81% and a return on equity of 15.00%. The business had revenue of C$4.97 billion during the quarter, compared to the consensus estimate of C$4.86 billion. As a group, analysts expect that Metro will post 4.2576393 earnings per share 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.