Desjardins Increases Metro (TSE:MRU) Price Target to C$95.00

Metro (TSE:MRU - Get Free Report) had its price target boosted by investment analysts at Desjardins from C$85.00 to C$95.00 in a research report issued on Friday,BayStreet.CA reports. Desjardins' price target indicates a potential upside of 6.12% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Cfra boosted their price objective on Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. CIBC lifted their price objective on shares of Metro from C$86.00 to C$91.00 in a report on Thursday. BMO Capital Markets upped their target price on shares of Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. Royal Bank of Canada raised their price target on shares of Metro from C$84.00 to C$90.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, National Bankshares boosted their price objective on Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$87.50.

Metro Stock Up 0.6 %

TSE MRU traded up C$0.53 on Friday, hitting C$89.52. 192,982 shares of the company were exchanged, compared to its average volume of 446,999. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. The company has a market cap of C$19.93 billion, a PE ratio of 21.87, a PEG ratio of 4.06 and a beta of 0.08. The stock has a fifty day moving average of C$84.64 and a 200-day moving average of C$80.68. Metro has a 12 month low of C$65.43 and a 12 month high of C$90.72.

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.

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