UBS Group Increases Metro (TSE:MRU) Price Target to C$99.00

Metro (TSE:MRU) had its price target boosted by UBS Group from C$98.00 to C$99.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. Scotiabank lifted their price objective on shares of Metro from C$98.00 to C$100.00 in a research note on Thursday. BMO Capital Markets upgraded Metro from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$92.00 to C$96.00 in a research note on Thursday. Royal Bank of Canada downgraded Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. CIBC lifted their price objective on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Finally, National Bankshares increased their target price on Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Metro has a consensus rating of “Hold” and an average price target of C$93.56.

Metro Stock Performance

Shares of TSE MRU opened at C$90.58 on Thursday. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The firm has a market cap of C$20.16 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 4.06 and a beta of 0.08. The stock’s fifty day moving average price is C$91.16 and its two-hundred day moving average price is C$86.30. Metro has a one year low of C$68.12 and a one 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.