Metro (TSE:MRU) Cut to “Hold” at Royal Bank of Canada

Metro (TSE:MRU) was downgraded by stock analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Desjardins upped their target price on shares of Metro from C$85.00 to C$95.00 in a research note on Friday. CIBC increased their price objective on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday. National Bankshares increased their price objective on shares of Metro from C$85.00 to C$88.00 in a research note on Thursday, August 15th. BMO Capital Markets increased their price objective on shares of Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. Finally, Cfra increased their price objective on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Metro presently has a consensus rating of “Hold” and a consensus price target of C$87.50.

Metro Price Performance

Shares of MRU stock opened at C$89.73 on Thursday. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The company has a market capitalization of C$19.97 billion, a P/E ratio of 21.94, a P/E/G ratio of 4.06 and a beta of 0.08. The company’s 50-day simple moving average is C$84.71 and its two-hundred day simple moving average is C$80.80. Metro has a one year low of C$65.43 and a one year high of C$90.72.

About Metro

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.