Metro (TSE:MRU) received a C$51.00 target price from investment analysts at Raymond James in a research report issued to clients and investors on Wednesday. The firm presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 6.76% from the company’s previous close.
A number of other research analysts have also recently commented on the stock. BMO Capital Markets upped their price target on shares of Metro from C$48.00 to C$53.00 in a report on Tuesday, January 8th. National Bank Financial increased their target price on shares of Metro from C$44.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Thursday, November 22nd. CIBC increased their target price on shares of Metro from C$42.00 to C$45.00 in a report on Thursday, November 22nd. Barclays increased their target price on shares of Metro from C$45.00 to C$48.00 in a report on Thursday, November 22nd. Finally, TD Securities increased their target price on shares of Metro from C$44.00 to C$47.00 and gave the stock a “hold” rating in a report on Thursday, November 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$50.50.
TSE MRU opened at C$47.77 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.48 and a debt-to-equity ratio of 46.59. The stock has a market capitalization of $12.47 billion and a PE ratio of 6.67. Metro has a 12 month low of C$38.32 and a 12 month high of C$50.40.
In other Metro news, insider Martin Allaire sold 6,840 shares of the stock in a transaction dated Monday, November 26th. The shares were sold at an average price of C$45.33, for a total transaction of C$310,057.20.
Metro Company Profile
Metro Inc operates as a retailer and distributor 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, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.
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