Metro (TSE:MRU – Get Free Report) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a C$92.00 price objective on the stock, up from their prior price objective of C$80.00. TD Securities’ target price suggests a potential upside of 12.81% from the company’s current price.
A number of other research firms have also weighed in on MRU. National Bankshares upped their target price on Metro from C$80.00 to C$82.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. CIBC upped their target price on Metro from C$76.00 to C$77.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Desjardins upped their target price on Metro from C$74.00 to C$75.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Royal Bank of Canada upped their target price on Metro from C$82.00 to C$84.00 in a report on Friday, July 12th. Finally, Scotiabank lowered their target price on Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$79.86.
Check Out Our Latest Analysis on MRU
Metro Stock Down 1.2 %
Metro (TSE:MRU – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, meeting the consensus estimate of C$0.91. Metro had a net margin of 4.64% and a return on equity of 14.55%. The business had revenue of C$4.66 billion during the quarter, compared to analyst estimates of C$4.63 billion. Research analysts anticipate that Metro will post 4.2740275 earnings per share for the current fiscal year.
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.
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