CIBC Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price target boosted by CIBC from C$86.00 to C$91.00 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 2.52% from the stock’s previous close.

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

Metro Trading Up 1.9 %

MRU traded up C$1.68 during trading hours on Thursday, reaching C$88.76. 216,513 shares of the company’s stock traded hands, compared to its average volume of 445,510. Metro has a 52-week low of C$65.43 and a 52-week high of C$89.13. The firm has a market capitalization of C$19.76 billion, a PE ratio of 21.74, a PEG ratio of 4.06 and a beta of 0.08. The firm has a 50-day moving average price of C$84.60 and a 200 day moving average price of C$80.62. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18.

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.