Desjardins Boosts Metro (TSE:MRU) Price Target to C$54.00

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Metro (TSE:MRU) had its target price lifted by Desjardins from C$51.00 to C$54.00 in a research note published on Thursday morning, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Other research analysts have also issued research reports about the company. National Bank Financial lifted their price target 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 reiterated a market perform rating and issued a C$51.00 price target on shares of Metro in a research report on Thursday, April 18th. CIBC lifted their price target on Metro from C$49.00 to C$54.00 in a research report on Thursday. Royal Bank of Canada lifted their price target on Metro from C$52.00 to C$55.00 and gave the stock a sector perform rating in a research report on Thursday. Finally, BMO Capital Markets lifted their price target on Metro from C$53.00 to C$54.00 in a research 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. The stock currently has an average rating of Hold and a consensus target price of C$53.75.

MRU opened at C$54.30 on Thursday. The firm has a market cap of $13.79 billion and a P/E ratio of 21.68. 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 50-day moving average of C$50.82 and a 200 day moving average of C$49.69.

About Metro

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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