Metro (TSE:MRU) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Metro Inc. (TSE:MRU - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$85.84 and traded as high as C$91.21. Metro shares last traded at C$90.89, with a volume of 257,297 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group set a C$98.00 price objective on shares of Metro and gave the stock a "neutral" rating in a research note on Friday, December 13th. Royal Bank of Canada downgraded Metro from a "moderate buy" rating to a "hold" rating in a research report on Thursday, November 21st. National Bankshares lifted their price objective on shares of Metro from C$89.00 to C$94.00 and gave the stock a "sector perform" rating in a research report on Monday, January 13th. CIBC increased their target price on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Finally, Desjardins lifted their price target on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Metro presently has a consensus rating of "Hold" and an average target price of C$89.33.

Metro Trading Up 1.3 %

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 firm has a market cap of C$20.50 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a 50-day simple moving average of C$90.69 and a 200 day simple moving average of C$85.87.

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.