BMO Capital Markets Boosts Metro (MRU) Price Target to C$54.00

Metro (TSE:MRU) had its target price boosted by BMO Capital Markets from C$53.00 to C$54.00 in a research report released on Thursday morning, BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. CIBC lifted their price target on Metro from C$48.00 to C$49.00 in a research report on Thursday. National Bank Financial lifted their price target on Metro from C$51.00 to C$52.00 and gave the stock a sector perform rating in a research report on Thursday. TD Securities lifted their price target on Metro from C$51.00 to C$52.00 and gave the stock a hold rating in a research report on Thursday. Raymond James set a C$51.00 price target on Metro and gave the stock an outperform rating in a research report on Wednesday, January 30th. Finally, Desjardins cut Metro from a buy rating to a hold rating and lifted their price target for the stock from C$50.00 to C$51.00 in a research report on Wednesday, January 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$51.13.

Metro stock opened at C$49.25 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.41 and a debt-to-equity ratio of 46.32. The firm has a market capitalization of $12.59 billion and a PE ratio of 19.52. Metro has a 1-year low of C$39.04 and a 1-year high of C$50.90.

Metro (TSE:MRU) last posted its quarterly earnings data on Wednesday, April 17th. The company reported C$0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.62 by C($0.02). The firm had revenue of C$3.70 billion during the quarter, compared to analysts’ expectations of C$3.71 billion. As a group, equities research analysts expect that Metro will post 3.18999989225115 EPS for the current fiscal year.

Metro Company Profile

Metro Inc operates as a retailer and distributor 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, 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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