National Bank Financial Cuts Metro (TSE:MRU) Price Target to C$102.00

Metro (TSE:MRU) had its price target decreased by National Bank Financial from C$105.00 to C$102.00 in a research report report published on Thursday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Several other brokerages also recently commented on MRU. BMO Capital Markets downgraded shares of Metro from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$105.00 to C$95.00 in a report on Monday, July 20th. Scotia decreased their price target on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. Desjardins lowered their price target on Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. TD Securities upgraded Metro to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce decreased their target price on Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Metro currently has a consensus rating of “Hold” and an average target price of C$102.33.

Metro Stock Performance

MRU opened at C$88.05 on Thursday. The company has a debt-to-equity ratio of 71.09, a quick ratio of 0.41 and a current ratio of 1.43. The company has a market cap of C$18.43 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 4.06 and a beta of 0.18. The stock has a 50-day moving average of C$92.15 and a 200-day moving average of C$92.81. Metro has a 52-week low of C$86.63 and a 52-week high of C$102.71.

Metro (TSE:MRU) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$1.24 earnings per share for the quarter. The business had revenue of C$6.97 billion for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%. As a group, equities research analysts forecast that Metro will post 4.8188614 earnings per share for the current fiscal year.

About Metro

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.