Metro (TSE:MRU) Price Target Raised to C$113.00

Metro (TSE:MRU) had its price objective increased by Royal Bank Of Canada from C$112.00 to C$113.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other research analysts have also issued reports about the company. Desjardins set a C$105.00 price objective on Metro and gave the company a “hold” rating in a report on Thursday, November 20th. BMO Capital Markets reduced their target price on shares of Metro from C$115.00 to C$110.00 in a research report on Monday, November 3rd. National Bankshares set a C$107.00 price target on shares of Metro and gave the stock an “outperform” rating in a research report on Monday, January 19th. Finally, Scotiabank boosted their price objective on shares of Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Metro currently has a consensus rating of “Moderate Buy” and an average price target of C$109.25.

Metro Stock Performance

Shares of TSE:MRU opened at C$99.38 on Friday. Metro has a 1-year low of C$87.76 and a 1-year high of C$109.20. The stock has a market capitalization of C$21.24 billion, a P/E ratio of 21.46, a P/E/G ratio of 4.06 and a beta of 0.11. The business has a 50-day moving average price of C$98.96 and a two-hundred day moving average price of C$98.40. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29.

Metro (TSE:MRU) last posted its earnings results on Wednesday, November 19th. The company reported C$1.13 EPS for the quarter. The company had revenue of C$5.11 billion for the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%. Equities analysts predict that Metro will post 4.8188614 earnings per share for the current year.

Metro Company Profile

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.