Scotiabank Forecasts Strong Price Appreciation for Metro (TSE:MRU) Stock

Metro (TSE:MRU) had its price target hoisted by investment analysts at Scotiabank from C$100.00 to C$110.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 7.81% from the company’s previous close.

MRU has been the subject of several other reports. Desjardins boosted their price objective on shares of Metro from C$95.00 to C$105.00 and gave the stock a “hold” rating in a research note on Thursday. BMO Capital Markets increased their target price on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. CIBC upped their target price on Metro from C$91.00 to C$106.00 in a report on Thursday. National Bankshares lifted their price objective on shares of Metro from C$94.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 2nd. Finally, UBS Group raised their price objective on shares of Metro from C$99.00 to C$105.00 in a research report on Thursday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$102.00.

Metro Stock Up 0.9 %

TSE:MRU traded up C$0.90 during midday trading on Thursday, hitting C$102.03. 189,871 shares of the company were exchanged, compared to its average volume of 531,918. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. Metro has a fifty-two week low of C$69.19 and a fifty-two week high of C$103.59. The company has a fifty day simple moving average of C$95.78 and a 200 day simple moving average of C$91.03. The company has a market capitalization of C$22.56 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08.

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.