Metro (TSE:MRU) Given New C$55.00 Price Target at Royal Bank of Canada

Metro (TSE:MRU) had its price target lifted by analysts at Royal Bank of Canada from C$52.00 to C$55.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 1.76% from the company’s current price.

MRU has been the topic of several other research reports. TD Securities increased their price target on Metro from C$51.00 to C$52.00 and gave the company a “hold” rating in a report on Thursday, April 18th. CIBC increased their price target on Metro from C$48.00 to C$49.00 in a report on Thursday, April 18th. Raymond James restated a “market perform” rating and issued a C$51.00 price objective on shares of Metro in a research note on Thursday, April 18th. National Bank Financial raised their price objective on shares of Metro from C$51.00 to C$52.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 18th. Finally, BMO Capital Markets raised their price objective on shares of Metro from C$53.00 to C$54.00 in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$53.75.

MRU stock traded up C$0.30 during midday trading on Thursday, hitting C$54.05. 380,002 shares of the company traded hands, compared to its average volume of 502,077. Metro has a twelve month low of C$39.04 and a twelve month high of C$54.42. The company has a quick ratio of 0.52, a current ratio of 1.43 and a debt-to-equity ratio of 45.56. The firm’s 50 day simple moving average is C$50.61. The company has a market cap of $13.55 billion and a PE ratio of 21.55.

Metro Company Profile

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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Analyst Recommendations for Metro (TSE:MRU)

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