Metro (TSE:MRU) Stock Price Expected to Rise, Scotiabank Analyst Says

Metro (TSE:MRU) had its price target boosted by equities researchers at Scotiabank from C$98.00 to C$100.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 10.12% from the stock’s previous close.

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

Metro Trading Up 0.3 %

Shares of MRU stock opened at C$90.81 on Thursday. Metro has a twelve month low of C$68.12 and a twelve month high of C$94.86. The stock’s fifty day simple moving average is C$91.19 and its 200 day simple moving average is C$86.33. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The firm has a market capitalization of C$20.22 billion, a P/E ratio of 22.20, a P/E/G ratio of 4.06 and a beta of 0.08.

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.