Scotiabank Lowers Metro (TSE:MRU) Price Target to C$74.00

Metro (TSE:MRU) had its price objective dropped by investment analysts at Scotiabank from C$74.50 to C$74.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 5.87% from the company’s previous close.

Several other equities research analysts also recently commented on the company. TD Securities increased their price objective on Metro from C$76.00 to C$78.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. National Bankshares increased their price objective on Metro from C$80.00 to C$81.00 and gave the company a “sector perform” rating in a report on Monday, January 15th. BMO Capital Markets increased their price target on Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada dropped their price target on Metro from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$77.14.

Metro Stock Performance

Shares of MRU stock opened at C$69.90 on Monday. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41. The stock has a market cap of C$15.87 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04. The stock has a 50-day moving average of C$72.18 and a 200-day moving average of C$70.61. Metro has a one year low of C$65.43 and a one year high of C$78.88.

Metro (TSE:MRU) last issued its quarterly earnings data on Tuesday, January 30th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.99 by C$0.03. Metro had a return on equity of 15.00% and a net margin of 4.81%. The business had revenue of C$4.97 billion during the quarter, compared to analyst estimates of C$4.86 billion. As a group, sell-side analysts expect that Metro will post 4.2576393 earnings per share for the current year.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.