Metro (TSE:MRU) Given New C$102.00 Price Target at National Bankshares

Metro (TSE:MRU) had its target price increased by stock analysts at National Bankshares from C$94.00 to C$102.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential upside of 0.95% from the company’s previous close.

A number of other brokerages also recently commented on MRU. BMO Capital Markets raised shares of Metro from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$92.00 to C$96.00 in a research report on Thursday, January 30th. Scotiabank boosted their target price on Metro from C$98.00 to C$100.00 in a research note on Thursday, January 30th. Finally, UBS Group raised their price objective on shares of Metro from C$98.00 to C$99.00 in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Metro currently has a consensus rating of “Hold” and an average price target of C$94.44.

Metro Trading Up 1.0 %

Metro stock traded up C$1.02 during midday trading on Wednesday, reaching C$101.04. 304,682 shares of the stock traded hands, compared to its average volume of 501,276. The firm has a market cap of C$22.35 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The company has a 50-day simple moving average of C$93.82 and a two-hundred day simple moving average of C$89.85. Metro has a 12-month low of C$69.19 and a 12-month high of C$101.95.

Metro Company Profile

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.