Metro (TSE:MRU) Given a C$98.00 Price Target at UBS Group

Metro (TSE:MRU - Get Free Report) received a C$98.00 price objective from equities research analysts at UBS Group in a research report issued on Friday,BayStreet.CA reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 5.31% from the stock's current price.

A number of other equities research analysts also recently weighed in on the company. CIBC upped their target price on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. BMO Capital Markets upped their target price on Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. Cfra upped their target price on Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. National Bankshares upped their target price on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. Finally, Desjardins upped their target price on Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$88.67.

Metro Stock Performance

Shares of TSE MRU traded down C$0.57 during midday trading on Friday, hitting C$93.06. 446,318 shares of the company's stock were exchanged, compared to its average volume of 452,848. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The stock's 50 day moving average price is C$87.07 and its 200-day moving average price is C$82.74. The firm has a market cap of C$20.72 billion, a P/E ratio of 22.75, a PEG ratio of 4.06 and a beta of 0.08. Metro has a twelve month low of C$65.43 and a twelve month high of C$94.86.

About Metro

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.