Metro (TSE:MRU) Raised to "Outperform" at BMO Capital Markets

Metro (TSE:MRU - Get Free Report) was upgraded by BMO Capital Markets from a "market perform" rating to an "outperform" rating in a report issued on Thursday, Marketbeat reports. The brokerage presently has a C$96.00 price target on the stock, up from their previous price target of C$92.00. BMO Capital Markets' target price would suggest a potential upside of 5.49% from the stock's previous close.

A number of other analysts have also recently commented on the company. National Bankshares upped their price objective on Metro from C$89.00 to C$94.00 and gave the company a "sector perform" rating in a research report on Monday, January 13th. UBS Group set a C$98.00 price target on shares of Metro and gave the company a "neutral" rating in a research report on Friday, December 13th. Scotiabank raised their price objective on shares of Metro from C$98.00 to C$100.00 in a report on Thursday. CIBC boosted their target price on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Finally, Royal Bank of Canada downgraded shares of Metro from a "moderate buy" rating to a "hold" rating in a research report on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$93.56.

Metro Stock Performance

TSE:MRU traded up C$0.19 during trading hours on Thursday, reaching C$91.00. The company had a trading volume of 350,162 shares, compared to its average volume of 383,539. The firm has a market cap of C$20.26 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 4.06 and a beta of 0.08. 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's 50 day moving average price is C$91.21 and its 200-day moving average price is C$86.51. Metro has a 52 week low of C$68.12 and a 52 week high of C$94.86.

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.