Metro (TSE:MRU) had its target price hoisted by CIBC from C$49.00 to C$54.00 in a research note published on Thursday morning, BayStreet.CA reports.
A number of other equities analysts have also recently issued reports on the company. National Bank Financial upped their price objective on Metro from C$52.00 to C$55.00 and gave the stock a sector perform rating in a report on Thursday. Raymond James reiterated a market perform rating and issued a C$51.00 price objective on shares of Metro in a report on Thursday, April 18th. BMO Capital Markets upped their price objective on Metro from C$53.00 to C$54.00 in a 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 report on Thursday, April 18th. Finally, 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 report on Thursday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of C$53.75.
MRU opened at C$54.30 on Thursday. The stock has a 50-day moving average price of C$50.82 and a 200-day moving average price of C$49.69. Metro has a 12-month low of C$39.04 and a 12-month high of C$54.42. The company has a current ratio of 1.43, a quick ratio of 0.52 and a debt-to-equity ratio of 45.56. The stock has a market capitalization of $13.79 billion and a P/E ratio of 21.68.
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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