Metro (TSE:MRU) Given New C$99.00 Price Target at UBS Group

Metro (TSE:MRU) had its target price hoisted by analysts at UBS Group from C$98.00 to C$99.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. UBS Group’s price objective would suggest a potential upside of 8.71% from the stock’s current price.

Several other research firms have also recently weighed in on MRU. CIBC raised their target price on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. Scotiabank upped their target price on shares of Metro from C$98.00 to C$100.00 in a report on Thursday. BMO Capital Markets upgraded Metro from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$92.00 to C$96.00 in a report on Thursday. National Bankshares upped their price objective on Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a research note on Monday, January 13th. Finally, Royal Bank of Canada downgraded Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$93.56.

Metro Stock Down 0.6 %

MRU stock traded down C$0.56 during mid-day trading on Thursday, reaching C$91.07. The company had a trading volume of 86,912 shares, compared to its average volume of 355,755. The company has a market capitalization of C$20.27 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 4.06 and a beta of 0.08. Metro has a 52 week low of C$68.12 and a 52 week high of C$94.86. The stock has a 50 day simple moving average of C$91.16 and a two-hundred day simple moving average of C$86.30. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41.

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.