Metro (TSE:MRU) had its price target raised by Royal Bank of Canada from C$52.00 to C$55.00 in a research note published on Thursday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
MRU has been the subject of a number of other reports. CIBC lifted their price objective on Metro from C$48.00 to C$49.00 in a report on Thursday, April 18th. BMO Capital Markets lifted their price objective on Metro from C$53.00 to C$54.00 in a report on Thursday, April 18th. Raymond James reaffirmed a market perform rating and issued a C$51.00 price target on shares of Metro in a report on Thursday, April 18th. TD Securities lifted their price target on Metro from C$51.00 to C$52.00 and gave the company a hold rating in a report on Thursday, April 18th. Finally, National Bank Financial lifted their price target on Metro from C$51.00 to C$52.00 and gave the company a sector perform rating in a report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of C$53.75.
Shares of TSE MRU opened at C$54.30 on Thursday. The stock has a market cap of $13.79 billion and a PE ratio of 21.68. The business has a fifty day moving average of C$50.82 and a two-hundred day moving average of C$49.69. Metro has a 52-week low of C$39.04 and a 52-week high of C$54.42. The company has a debt-to-equity ratio of 45.56, a quick ratio of 0.52 and a current ratio of 1.43.
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.
Further Reading: Why do analysts give a neutral rating?
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