Metro (TSE:MRU) Cut to “Hold” at Royal Bank of Canada

Metro (TSE:MRU) was downgraded by equities research analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. National Bankshares raised their price target on shares of Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. CIBC raised their target price on shares of Metro from C$86.00 to C$91.00 in a report on Thursday. Cfra raised their target price on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Desjardins raised their target price on shares of Metro from C$85.00 to C$95.00 in a report on Friday. Finally, BMO Capital Markets raised their target price on shares of Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Metro presently has a consensus rating of “Hold” and an average price target of C$87.50.

Metro Trading Up 0.8 %

TSE MRU opened at C$89.73 on Thursday. The company has a fifty day simple moving average of C$84.71 and a two-hundred day simple moving average of C$80.80. The stock has a market cap of C$19.97 billion, a P/E ratio of 21.94, a P/E/G ratio of 4.06 and a beta of 0.08. Metro has a 12-month low of C$65.43 and a 12-month high of C$90.72. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18.

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.