UBS Group Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU - Free Report) had its price target raised by UBS Group from C$98.00 to C$99.00 in a report released on Thursday,BayStreet.CA reports.

MRU has been the topic of several other research reports. Desjardins increased their target price on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. CIBC increased their price objective on Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. Royal Bank of Canada downgraded shares of Metro from a "moderate buy" rating to a "hold" rating in a research note on Thursday, November 21st. BMO Capital Markets raised shares of Metro from a "market perform" rating to an "outperform" rating and increased their price target for the company from C$92.00 to C$96.00 in a research report on Thursday. Finally, National Bankshares boosted their price objective on shares of 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. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Metro has a consensus rating of "Hold" and a consensus target price of C$93.56.

Metro Price Performance

MRU traded up C$0.19 during midday trading on Thursday, hitting C$91.00. The stock had a trading volume of 350,162 shares, compared to its average volume of 383,539. The company has a market cap of C$20.26 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a 1 year low of C$68.12 and a 1 year high of C$94.86. The business has a fifty day moving average of C$91.21 and a 200 day moving average of C$86.51. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10.

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.