Metro (TSE:MRU) Price Target Lowered to C$102.00 at National Bank Financial

Metro (TSE:MRU) had its target price cut by research analysts at National Bank Financial from C$105.00 to C$102.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 13.85% from the stock’s current price.

Several other research analysts have also weighed in on MRU. TD Securities upgraded shares of Metro to a “strong-buy” rating in a research note on Wednesday, July 29th. BMO Capital Markets lowered shares of Metro from an “outperform” rating to a “hold” rating and decreased their target price for the company from C$105.00 to C$95.00 in a research note on Monday, July 20th. Desjardins lowered their price target on shares of Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Canadian Imperial Bank of Commerce dropped their price target on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Scotia cut their price objective on Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$102.33.

Metro Stock Down 0.4%

TSE:MRU traded down C$0.39 on Thursday, hitting C$89.59. 222,575 shares of the company’s stock traded hands, compared to its average volume of 532,578. The company has a market cap of C$18.90 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 4.06 and a beta of 0.18. Metro has a 1 year low of C$86.63 and a 1 year high of C$102.71. The company has a current ratio of 1.43, a quick ratio of 0.41 and a debt-to-equity ratio of 69.30. The firm has a 50-day moving average price of C$92.23 and a 200-day moving average price of C$92.91.

Metro (TSE:MRU) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$1.24 earnings per share (EPS) for the quarter. The business had revenue of C$6.97 billion during the quarter. Metro had a net margin of 4.52% and a return on equity of 14.38%. Equities 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.