Metro (MRU) PT Raised to C$45.00 at CIBC

Metro (TSE:MRU) had its price target lifted by equities researchers at CIBC from C$42.00 to C$45.00 in a report released on Thursday. CIBC’s target price suggests a potential upside of 0.07% from the company’s current price.

Other equities analysts have also issued reports about the company. Raymond James decreased their target price on Metro from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Thursday, August 16th. BMO Capital Markets restated an “outperform” rating and set a C$48.00 target price on shares of Metro in a research report on Thursday, August 16th. TD Securities boosted their target price on Metro from C$44.00 to C$47.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, National Bank Financial boosted their target price on Metro from C$44.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$47.29.

Metro stock opened at C$44.97 on Thursday. Metro has a 1 year low of C$38.32 and a 1 year high of C$45.83. The company has a current ratio of 1.22, a quick ratio of 0.46 and a debt-to-equity ratio of 53.60.

Metro (TSE:MRU) last posted its earnings results on Wednesday, November 21st. The company reported C$0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.63. The company had revenue of C$3.74 billion for the quarter, compared to analyst estimates of C$4.01 billion. As a group, analysts expect that Metro will post 3.16506557113573 EPS for the current year.

About Metro

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and drug stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, prepared meals, fruits and vegetables, meats, and frozen foods.

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Analyst Recommendations for Metro (TSE:MRU)

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