Metro (TSE:MRU) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Metro (TSE:MRU) had its target price increased by investment analysts at BMO Capital Markets from C$96.00 to C$110.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 9.54% from the company’s current price.

Other analysts have also recently issued research reports about the company. UBS Group lifted their price target on Metro from C$98.00 to C$99.00 in a report on Thursday, January 30th. Scotiabank boosted their target price on Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. Finally, National Bankshares raised their price target on shares of Metro from C$94.00 to C$102.00 and gave the company a “sector perform” rating in a report on Wednesday. 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, the stock has an average rating of “Hold” and a consensus target price of C$96.00.

Metro Stock Down 1.3 %

MRU stock opened at C$100.42 on Friday. The company has a 50 day moving average price of C$94.41 and a two-hundred day moving average price of C$90.15. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The stock has a market capitalization of C$22.21 billion, a P/E ratio of 23.18, a PEG ratio of 4.06 and a beta of 0.08. Metro has a one year low of C$69.19 and a one year high of C$103.59.

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.