Metro (TSE:MRU) had its price objective lifted by National Bank Financial from C$52.00 to C$55.00 in a research report released on Thursday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
Other analysts also recently issued reports about the company. Royal Bank of Canada upped their price objective on Metro from C$52.00 to C$55.00 and gave the stock a sector perform rating in a research report on Thursday. Raymond James restated a market perform rating and set a C$51.00 price objective on shares of Metro in a research report on Thursday, April 18th. BMO Capital Markets upped their price objective on Metro from C$53.00 to C$54.00 in a research report on Thursday, April 18th. TD Securities upped their price objective on Metro from C$51.00 to C$52.00 and gave the stock a hold rating in a research report on Thursday, April 18th. Finally, CIBC upped their price objective on Metro from C$48.00 to C$49.00 in a research report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Metro has an average rating of Hold and an average target price of C$53.75.
Shares of MRU stock opened at C$54.30 on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.43 and a debt-to-equity ratio of 45.56. Metro has a twelve month low of C$39.04 and a twelve month high of C$54.42. The company has a market cap of $13.79 billion and a P/E ratio of 21.68. The business has a fifty day simple moving average of C$50.82 and a 200 day simple moving average of C$49.69.
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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