Metro (TSE:MRU) Given a C$107.00 Price Target by National Bankshares Analysts

Metro (TSE:MRU) has been assigned a C$107.00 target price by National Bankshares in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 9.06% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Desjardins set a C$105.00 target price on Metro and gave the company a “hold” rating in a research report on Thursday, November 20th. Scotiabank increased their price objective on shares of Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Finally, BMO Capital Markets dropped their price objective on shares of Metro from C$115.00 to C$110.00 in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$109.13.

Metro Price Performance

Shares of Metro stock traded up C$0.54 during trading on Monday, reaching C$98.11. 72,105 shares of the stock traded hands, compared to its average volume of 357,222. The company has a market capitalization of C$20.97 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 4.06 and a beta of 0.11. The business has a fifty day simple moving average of C$98.70 and a two-hundred day simple moving average of C$98.64. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. Metro has a 52-week low of C$87.76 and a 52-week high of C$109.20.

Metro (TSE:MRU) last posted its earnings results on Wednesday, November 19th. The company reported C$1.13 EPS for the quarter. The company had revenue of C$5.11 billion for the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%. Sell-side analysts expect that Metro will post 4.8188614 EPS for the current year.

Metro Company Profile

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.