Royal Bank of Canada Raises Metro (TSE:MRU) Price Target to C$80.00

Metro (TSE:MRU – Get Rating) had its price target increased by stock analysts at Royal Bank of Canada from C$70.00 to C$80.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 7.44% from the stock’s previous close.

Other research analysts have also issued research reports about the company. ATB Capital boosted their target price on Metro from C$76.00 to C$80.00 in a report on Thursday, November 17th. TD Securities boosted their target price on Metro from C$75.00 to C$76.00 and gave the company a “hold” rating in a report on Thursday, November 17th. Scotiabank boosted their target price on Metro from C$77.00 to C$79.00 in a report on Thursday, November 17th. National Bankshares boosted their target price on Metro from C$75.00 to C$79.00 and gave the company a “sector perform” rating in a report on Thursday, November 17th. Finally, BMO Capital Markets boosted their target price on Metro from C$78.00 to C$82.00 in a report on Thursday, November 17th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$76.89.

Metro Trading Down 0.1 %

MRU opened at C$74.46 on Thursday. The firm has a market cap of C$17.53 billion and a price-to-earnings ratio of 20.68. Metro has a 52 week low of C$62.86 and a 52 week high of C$78.90. The business’s 50 day moving average is C$76.04 and its two-hundred day moving average is C$72.48. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 62.28.

Metro (TSE:MRU – Get Rating) last released its quarterly earnings results on Wednesday, November 16th. The company reported C$0.92 EPS for the quarter, topping the consensus estimate of C$0.90 by C$0.02. The firm had revenue of C$4.43 billion for the quarter, compared to analyst estimates of C$4.27 billion. On average, research analysts predict that Metro will post 4.4400003 EPS for the current year.

Metro Company Profile

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Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries.