Metro (TSE:MRU) Given New C$91.00 Price Target at CIBC

Metro (TSE:MRU) had its target price boosted by equities researchers at CIBC from C$86.00 to C$91.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 2.52% from the company’s current price.

Several other brokerages have also weighed in on MRU. National Bankshares increased their price objective on shares of Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. BMO Capital Markets raised their target price on shares of Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. Royal Bank of Canada boosted their price objective on shares of Metro from C$84.00 to C$90.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Desjardins lifted their target price on shares of Metro from C$75.00 to C$80.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Finally, Cfra boosted their price objective on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$85.63.

Metro Stock Performance

Shares of TSE:MRU traded up C$1.68 on Thursday, hitting C$88.76. 216,513 shares of the company were exchanged, compared to its average volume of 445,510. The firm has a market capitalization of C$19.76 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 4.06 and a beta of 0.08. The company’s 50 day moving average price is C$84.60 and its two-hundred day moving average price is C$80.62. Metro has a one year low of C$65.43 and a one year high of C$89.13. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10.

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.