Metro (TSE:MRU) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Metro (TSE:MRU) had its price target upped by equities researchers at Royal Bank of Canada from C$90.00 to C$98.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential downside of 2.85% from the stock’s current price.

Several other research analysts have also issued reports on MRU. National Bankshares raised their price target on Metro from C$94.00 to C$102.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 2nd. BMO Capital Markets boosted their price target on Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. Scotiabank lifted their price target on shares of Metro from C$98.00 to C$100.00 in a research note on Thursday, January 30th. Finally, UBS Group upped their price objective on Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$96.89.

Metro Price Performance

TSE:MRU opened at C$100.88 on Monday. The company’s 50-day moving average price is C$95.59 and its two-hundred day moving average price is C$90.96. Metro has a 12 month low of C$69.19 and a 12 month high of C$103.59. The firm has a market cap of C$22.31 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29.

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.