Metro (TSE:MRU) had its price objective increased by analysts at CIBC from C$67.00 to C$68.00 in a report released on Friday, BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 6.33% from the stock’s previous close.
Several other research firms have also recently weighed in on MRU. NBF upped their price objective on Metro to C$67.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 2nd. Desjardins reaffirmed a “hold” rating on shares of Metro in a research report on Thursday, November 18th. TD Securities increased their price target on Metro from C$70.00 to C$72.00 and gave the company a “hold” rating in a research report on Thursday, January 6th. Royal Bank of Canada increased their price target on Metro from C$68.00 to C$70.00 and gave the company a “sector perform” rating in a research report on Friday, November 12th. Finally, National Bank Financial increased their price target on Metro from C$65.00 to C$67.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 2nd. Nine research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Metro has a consensus rating of “Hold” and a consensus price target of C$68.27.
Shares of Metro stock traded down C$0.81 during trading hours on Friday, hitting C$63.95. The company’s stock had a trading volume of 251,487 shares, compared to its average volume of 358,378. Metro has a 12 month low of C$52.63 and a 12 month high of C$68.34. The stock has a 50 day moving average of C$65.26 and a 200 day moving average of C$63.37. The company has a market capitalization of C$15.47 billion and a PE ratio of 19.23. The company has a debt-to-equity ratio of 71.17, a current ratio of 1.12 and a quick ratio of 0.57.
Metro (TSE:MRU) last posted its quarterly earnings data on Wednesday, November 17th. The company reported C$0.81 earnings per share for the quarter, topping the consensus estimate of C$0.78 by C$0.03. The firm had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$4.12 billion. Equities analysts expect that Metro will post 4 EPS for the current year.
Metro Company Profile
Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, fruits and vegetables, frozen foods, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.