Metro (TSE:MRU) Given Sector Perform Rating at Royal Bank of Canada

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Metro (TSE:MRU)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank of Canada in a research note issued on Thursday, Stock Target Advisor reports. They presently have a C$66.00 price target on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 13.32% from the company’s current price.

Several other analysts have also weighed in on MRU. TD Securities reduced their price objective on Metro from C$62.00 to C$60.00 and set a “hold” rating on the stock in a research note on Friday, January 8th. CIBC reduced their price target on shares of Metro from C$63.00 to C$60.00 in a research note on Wednesday, January 27th. ATB Capital lifted their price target on shares of Metro from C$61.00 to C$62.00 in a report on Wednesday, January 27th. National Bank Financial increased their price objective on shares of Metro to C$64.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 14th. Finally, National Bankshares boosted their target price on shares of Metro from C$61.00 to C$64.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 14th. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of C$63.00.

Shares of Metro stock traded down C$0.09 on Thursday, reaching C$58.24. 33,113 shares of the stock were exchanged, compared to its average volume of 646,602. The company has a debt-to-equity ratio of 74.78, a quick ratio of 0.54 and a current ratio of 1.16. The firm has a market cap of C$14.47 billion and a PE ratio of 18.06. The firm’s 50 day moving average is C$56.95 and its 200-day moving average is C$58.43. Metro has a one year low of C$52.63 and a one year high of C$66.25.

Metro (TSE:MRU) last released its earnings results on Tuesday, January 26th. The company reported C$0.79 earnings per share for the quarter, missing the consensus estimate of C$0.83 by C($0.04). The business had revenue of C$4.28 billion during the quarter, compared to analysts’ expectations of C$4.40 billion. On average, equities research analysts expect that Metro will post 3.6800001 EPS for the current fiscal year.

Metro Company Profile

Metro Inc operates as a retailer, franchisor, distributor, and manufacturer 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, fruits and vegetables, frozen foods, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.

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Analyst Recommendations for Metro (TSE:MRU)

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