National Bankshares Increases Metro (TSE:MRU) Price Target to C$82.00

Metro (TSE:MRU) had its price target boosted by National Bankshares from C$80.00 to C$82.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective points to a potential upside of 15.62% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. BMO Capital Markets boosted their target price on Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. TD Securities boosted their target price on Metro from C$78.00 to C$80.00 in a report on Thursday. Royal Bank of Canada decreased their target price on Metro from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a report on Wednesday, January 31st. Finally, Scotiabank decreased their target price on Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, Metro presently has a consensus rating of “Hold” and an average price target of C$77.86.

Metro Stock Down 0.0 %

MRU opened at C$70.92 on Thursday. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41. The stock has a market capitalization of C$16.10 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The business has a 50-day moving average of C$72.19 and a two-hundred day moving average of C$70.61. Metro has a 12 month low of C$65.43 and a 12 month high of C$78.88.

Metro (TSE:MRU) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, meeting the consensus estimate of C$0.91. Metro had a return on equity of 15.00% and a net margin of 4.81%. The company had revenue of C$4.66 billion during the quarter, compared to analysts’ expectations of C$4.63 billion. On average, research analysts expect that Metro will post 4.2576393 earnings per share for the current year.

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.