Metro (TSE:MRU) Price Target Raised to C$108.00

Metro (TSE:MRU) had its target price hoisted by TD from C$106.00 to C$108.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. TD Securities raised Metro to a “strong-buy” rating in a research note on Wednesday, July 29th. Scotia decreased their target price on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Canadian Imperial Bank of Commerce decreased their target price on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Desjardins dropped their target price on shares of Metro from C$99.00 to C$97.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Finally, National Bank Financial cut their price target on shares of Metro from C$105.00 to C$102.00 and set a “sector perform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$102.33.

Metro Trading Down 1.6%

Shares of TSE:MRU opened at C$88.05 on Thursday. The business’s 50 day simple moving average is C$92.15 and its 200 day simple moving average is C$92.81. Metro has a 1 year low of C$86.63 and a 1 year high of C$102.71. The company has a debt-to-equity ratio of 71.09, a current ratio of 1.43 and a quick ratio of 0.41. The company has a market capitalization of C$18.43 billion, a P/E ratio of 20.91, a P/E/G ratio of 4.06 and a beta of 0.18.

Metro (TSE:MRU) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$1.24 earnings per share for the quarter. The firm had revenue of C$6.97 billion during the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%. On average, research analysts anticipate that Metro will post 4.8188614 EPS for the current fiscal year.

About Metro

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.