Scotiabank Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price objective boosted by Scotiabank from C$98.00 to C$100.00 in a report released on Thursday morning,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. CIBC increased their price target on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. National Bankshares increased their target price on Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a research report on Monday, January 13th. UBS Group set a C$98.00 price target on shares of Metro and gave the company a “neutral” rating in a research note on Friday, December 13th. Desjardins upped their price objective on shares of Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. Finally, Royal Bank of Canada lowered shares of Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Metro presently has an average rating of “Hold” and an average target price of C$93.56.

Metro Stock Performance

Shares of TSE MRU opened at C$90.58 on Thursday. The company has a market capitalization of C$20.16 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. The company’s fifty day moving average price is C$91.16 and its 200 day moving average price is C$86.30. Metro has a 1 year low of C$68.12 and a 1 year high of C$94.86.

Metro Company Profile

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.