Metro (TSE:MRU) Stock Rating Lowered by Royal Bank of Canada

Metro (TSE:MRU) was downgraded by research analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the company. National Bankshares lifted their price objective on Metro from C$85.00 to C$88.00 in a research note on Thursday, August 15th. Desjardins increased their price target on Metro from C$85.00 to C$95.00 in a report on Friday. CIBC lifted their price target on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday. BMO Capital Markets lifted their target price on Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. Finally, Cfra upped their target price on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Metro currently has an average rating of “Hold” and a consensus target price of C$87.50.

Metro Price Performance

Shares of Metro stock opened at C$89.73 on Thursday. The stock’s 50-day simple moving average is C$84.71 and its 200-day simple moving average is C$80.80. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. Metro has a 52 week low of C$65.43 and a 52 week high of C$90.72. The company has a market capitalization of C$19.97 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 4.06 and a beta of 0.08.

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.