Metro (TSE:MRU) Upgraded at BMO Capital Markets

Metro (TSE:MRU) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a C$96.00 price objective on the stock, up from their prior price objective of C$92.00. BMO Capital Markets’ target price indicates a potential upside of 5.41% from the stock’s previous close.

Other research analysts have also issued reports about the stock. CIBC lifted their price objective on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. Scotiabank upped their price target on shares of Metro from C$98.00 to C$100.00 in a report on Thursday. Royal Bank of Canada downgraded shares of Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. UBS Group set a C$98.00 target price on Metro and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, National Bankshares raised their price target on Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$93.56.

Metro Trading Down 0.6 %

Shares of TSE:MRU traded down C$0.56 during trading on Thursday, hitting C$91.07. The company had a trading volume of 86,912 shares, compared to its average volume of 355,755. The stock has a market cap of C$20.27 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. 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 fifty day simple moving average of C$91.16 and a two-hundred day simple moving average of C$86.30. Metro has a one year low of C$68.12 and a one year high of C$94.86.

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.