Scotiabank Forecasts Strong Price Appreciation for Metro (TSE:MRU) Stock

Metro (TSE:MRU) had its price objective boosted by Scotiabank from C$98.00 to C$100.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 10.12% from the company’s previous close.

MRU has been the topic of a number of other research reports. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. CIBC lifted their target price on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. 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 research note on Monday, January 13th. UBS Group set a C$98.00 price objective on shares of Metro and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Desjardins boosted their price objective on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$93.56.

Metro Stock Up 0.3 %

Metro stock opened at C$90.81 on Thursday. The company’s 50-day moving average price is C$91.19 and its two-hundred day moving average price is C$86.33. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The stock has a market cap of C$20.22 billion, a P/E ratio of 22.20, a P/E/G ratio of 4.06 and a beta of 0.08. Metro has a twelve month low of C$68.12 and a twelve month high of C$94.86.

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.