Royal Bank of Canada Boosts Metro (TSE:MRU) Price Target to C$98.00

Metro (TSE:MRU - Get Free Report) had its price target hoisted by Royal Bank of Canada from C$90.00 to C$98.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada's target price would indicate a potential downside of 4.00% from the stock's current price.

A number of other analysts have also commented on MRU. BMO Capital Markets lifted their target price on shares of Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. Scotiabank increased their price target on Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. UBS Group boosted their price objective on shares of Metro from C$98.00 to C$99.00 in a research report on Thursday, January 30th. Finally, National Bankshares raised their price target on shares of Metro from C$94.00 to C$102.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$102.00.

Metro Trading Up 0.9 %

Shares of TSE:MRU traded up C$0.95 during trading on Monday, hitting C$102.08. 408,201 shares of the company's stock were exchanged, compared to its average volume of 534,845. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The firm has a market cap of C$22.58 billion, a P/E ratio of 23.57, a PEG ratio of 4.06 and a beta of 0.08. The firm has a 50-day moving average price of C$96.19 and a two-hundred day moving average price of C$91.26. Metro has a 1-year low of C$69.19 and a 1-year high of C$103.59.

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.