Metro (TSE:MRU) had its price target hoisted by TD Securities from C$52.00 to C$57.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a hold rating on the stock.
A number of other research firms also recently commented on MRU. CIBC increased their price objective on shares of Metro from C$49.00 to C$54.00 in a report on Thursday. Raymond James reissued a market perform rating and issued a C$51.00 price target on shares of Metro in a research note on Thursday, April 18th. BMO Capital Markets increased their price target on shares of Metro from C$53.00 to C$54.00 in a research note on Thursday, April 18th. Royal Bank of Canada increased their price target on shares of Metro from C$52.00 to C$55.00 and gave the company a sector perform rating in a research note on Thursday. Finally, National Bank Financial increased their price target on shares of Metro from C$52.00 to C$55.00 and gave the company a sector perform rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of C$53.75.
MRU stock opened at C$54.30 on Thursday. The company has a market cap of $13.79 billion and a price-to-earnings ratio of 21.68. The company has a current ratio of 1.43, a quick ratio of 0.52 and a debt-to-equity ratio of 45.56. Metro has a 12 month low of C$39.04 and a 12 month high of C$54.42. The firm has a 50-day moving average of C$50.82 and a two-hundred day 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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