Metro (TSE:MRU) Price Target Raised to C$80.00 at National Bankshares

Metro (TSE:MRUGet Rating) had its price objective increased by equities research analysts at National Bankshares from C$79.00 to C$80.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 7.35% from the stock’s current price.

MRU has been the topic of a number of other reports. TD Securities increased their target price on shares of Metro from C$75.00 to C$76.00 and gave the company a “hold” rating in a research report on Thursday, November 17th. Scotiabank increased their target price on shares of Metro from C$77.00 to C$79.00 in a research report on Thursday, November 17th. Canaccord Genuity Group increased their price target on shares of Metro from C$71.00 to C$72.00 in a research note on Thursday, November 17th. ATB Capital increased their price target on shares of Metro from C$76.00 to C$80.00 in a research note on Thursday, November 17th. Finally, Royal Bank of Canada increased their price target on shares of Metro from C$70.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 19th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, Metro presently has an average rating of “Hold” and an average target price of C$77.11.

Metro Stock Down 1.4 %

Shares of TSE MRU traded down C$1.06 during mid-day trading on Wednesday, reaching C$74.52. The company had a trading volume of 121,228 shares, compared to its average volume of 441,502. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 62.28. The firm has a 50 day simple moving average of C$76.16 and a two-hundred day simple moving average of C$72.58. The stock has a market cap of C$17.52 billion and a P/E ratio of 20.70. Metro has a 52-week low of C$64.15 and a 52-week high of C$78.90.

Metro (TSE:MRUGet Rating) last posted its earnings results on Wednesday, November 16th. The company reported C$0.92 EPS for the quarter, beating analysts’ consensus estimates of C$0.90 by C$0.02. The company had revenue of C$4.43 billion during the quarter, compared to analysts’ expectations of C$4.27 billion. Sell-side analysts predict that Metro will post 4.4400003 earnings per share for the current year.

Metro Company Profile

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Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries.

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