BMO Capital Markets Raises Metro (MRU) Price Target to C$54.00
Metro (TSE:MRU) had its target price boosted by BMO Capital Markets from C$53.00 to C$54.00 in a research report released on Thursday, BayStreet.CA reports.
Several other equities research analysts have also commented on MRU. TD Securities boosted their target price on shares of Metro from C$47.00 to C$51.00 and gave the stock a hold rating in a research report on Tuesday, January 15th. National Bank Financial boosted their target price on shares of Metro from C$46.00 to C$49.00 and gave the stock a sector perform rating in a research report on Wednesday, January 16th. Barclays boosted their target price on shares of Metro from C$48.00 to C$50.00 in a research report on Thursday, January 24th. Raymond James restated an outperform rating and set a C$51.00 target price on shares of Metro in a research report on Thursday, January 24th. Finally, Desjardins lowered shares of Metro from a buy rating to a hold rating and boosted their target price for the stock from C$50.00 to C$51.00 in a research report on Wednesday, January 30th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$51.13.
TSE:MRU traded down C$0.40 during midday trading on Thursday, reaching C$49.25. The stock had a trading volume of 625,500 shares, compared to its average volume of 521,188. Metro has a 12-month low of C$39.04 and a 12-month high of C$50.90. The company has a debt-to-equity ratio of 46.32, a current ratio of 1.41 and a quick ratio of 0.50. The firm has a market cap of $12.59 billion and a price-to-earnings ratio of 19.52.
Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.
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