Metro (MRU) Price Target Increased to C$49.00 by Analysts at CIBC
Metro (TSE:MRU) had its price objective lifted by CIBC from C$48.00 to C$49.00 in a report published on Thursday, BayStreet.CA reports.
MRU has been the topic of a number of other research reports. TD Securities raised their target price on Metro from C$47.00 to C$51.00 and gave the company a hold rating in a report on Tuesday, January 15th. National Bank Financial raised their target price on Metro from C$46.00 to C$49.00 and gave the company a sector perform rating in a report on Wednesday, January 16th. Desjardins downgraded Metro from a buy rating to a hold rating and raised their target price for the company from C$50.00 to C$51.00 in a report on Wednesday, January 30th. BMO Capital Markets set a C$53.00 target price on Metro and gave the company an outperform rating in a report on Thursday, January 31st. Finally, Barclays raised their target price on Metro from C$48.00 to C$50.00 in a report on Thursday, January 24th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of C$51.13.
Shares of MRU stock traded down C$0.40 during trading hours on Thursday, reaching C$49.25. The company’s stock had a trading volume of 625,500 shares, compared to its average volume of 521,188. The company has a market cap of $12.59 billion and a PE ratio of 19.52. Metro has a fifty-two week low of C$39.04 and a fifty-two week high of C$50.90. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.50 and a current ratio of 1.41.
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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