Metro (MRU) Price Target Raised to C$52.00 at National Bank Financial
Metro (TSE:MRU) had its price target increased by National Bank Financial from C$51.00 to C$52.00 in a report issued on Thursday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Metro’s Q4 2019 earnings at $0.68 EPS, Q1 2020 earnings at $0.71 EPS, Q2 2020 earnings at $0.69 EPS and Q3 2020 earnings at $1.03 EPS.
Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets increased their price target on Metro from C$48.00 to C$53.00 in a research note on Tuesday, January 8th. Raymond James reissued an outperform rating and issued a C$51.00 price target on shares of Metro in a research note on Thursday, January 24th. TD Securities increased their price target on Metro from C$47.00 to C$51.00 and gave the company a hold rating in a research note on Tuesday, January 15th. CIBC increased their price target on Metro from C$45.00 to C$48.00 in a research note on Wednesday, January 30th. Finally, Desjardins cut Metro from a buy rating to a hold rating and raised their target price for the stock from C$50.00 to C$51.00 in a research note on Wednesday, January 30th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$51.13.
Shares of MRU stock opened at C$49.25 on Thursday. The stock has a market capitalization of $12.59 billion and a PE ratio of 19.52. The company has a quick ratio of 0.50, a current ratio of 1.41 and a debt-to-equity ratio of 46.32. Metro has a 1-year low of C$39.04 and a 1-year high of C$50.90.
Metro Company Profile
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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