Metro (TSE:MRU) PT Set at C$107.00 by National Bankshares

Metro (TSE:MRU) has been given a C$107.00 price target by research analysts at National Bankshares in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 9.06% from the stock’s current price.

Other equities analysts have also issued reports about the stock. BMO Capital Markets lowered their target price on shares of Metro from C$115.00 to C$110.00 in a report on Monday, November 3rd. Desjardins set a C$105.00 price objective on Metro and gave the company a “hold” rating in a research report on Thursday, November 20th. Finally, Scotiabank lifted their price objective on Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Metro currently has a consensus rating of “Moderate Buy” and an average target price of C$109.13.

Metro Stock Up 0.6%

MRU stock traded up C$0.54 during midday trading on Monday, hitting C$98.11. The stock had a trading volume of 72,105 shares, compared to its average volume of 357,222. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The firm has a market cap of C$20.97 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11. The business has a 50-day moving average of C$98.70 and a two-hundred day moving average of C$98.64. Metro has a 52-week low of C$87.76 and a 52-week high of C$109.20.

Metro (TSE:MRU) last released its earnings results on Wednesday, November 19th. The company reported C$1.13 earnings per share for the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. The firm had revenue of C$5.11 billion for the quarter. As a group, equities research analysts forecast that Metro will post 4.8188614 earnings per share for the current fiscal 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.