Metro (TSE:MRU) Price Target Raised to C$99.00 at UBS Group

Metro (TSE:MRU) had its price objective boosted by UBS Group from C$98.00 to C$99.00 in a report released on Thursday,BayStreet.CA reports.

MRU has been the subject of several other research reports. National Bankshares upped their price target on shares of Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a report on Monday, January 13th. Royal Bank of Canada lowered shares of Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Scotiabank lifted their price target on Metro from C$98.00 to C$100.00 in a research note on Thursday. BMO Capital Markets upgraded Metro from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$92.00 to C$96.00 in a report on Thursday. Finally, CIBC lifted their target price on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$93.56.

Metro Stock Down 1.1 %

Shares of Metro stock opened at C$90.58 on Thursday. Metro has a 1 year low of C$68.12 and a 1 year high of C$94.86. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The company has a market capitalization of C$20.16 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The business has a 50-day moving average of C$91.16 and a two-hundred day moving average of C$86.30.

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.