Metro (TSE:MRU) Price Target Raised to C$94.00 at National Bankshares

Metro (TSE:MRU - Get Free Report) had its price target boosted by investment analysts at National Bankshares from C$89.00 to C$94.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' price target suggests a potential upside of 4.20% from the stock's current price.

A number of other analysts also recently issued reports on MRU. Royal Bank of Canada downgraded Metro from a "moderate buy" rating to a "hold" rating in a report on Thursday, November 21st. CIBC boosted their price objective on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Desjardins increased their target price on shares of Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. Finally, UBS Group set a C$98.00 price objective on shares of Metro and gave the company a "neutral" rating in a research note on Friday, December 13th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$89.33.

Metro Stock Down 0.1 %

Shares of Metro stock traded down C$0.06 during trading on Monday, hitting C$90.21. 541,464 shares of the stock were exchanged, compared to its average volume of 343,132. 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 firm's 50-day moving average price is C$90.12 and its 200 day moving average price is C$85.29. The stock has a market cap of C$20.08 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a 12-month low of C$67.85 and a 12-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.