National Bank Financial Boosts Metro (MRU) Price Target to C$46.00

Metro (TSE:MRU) had its price target boosted by National Bank Financial from C$44.00 to C$46.00 in a research report released on Thursday. National Bank Financial currently has a sector perform rating on the stock.

Several other analysts have also recently commented on the company. BMO Capital Markets reissued an outperform rating and issued a C$48.00 price target on shares of Metro in a report on Thursday, August 16th. Raymond James reduced their price target on Metro from C$47.00 to C$46.00 and set an outperform rating for the company in a report on Thursday, August 16th. Finally, TD Securities raised their price target on Metro from C$44.00 to C$47.00 and gave the company a hold rating in a report on Thursday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Metro currently has a consensus rating of Buy and a consensus target price of C$47.29.

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

Metro (TSE:MRU) last posted its quarterly earnings results on Wednesday, November 21st. The company reported C$0.63 EPS for the quarter, meeting the consensus estimate of C$0.63. The business had revenue of C$3.74 billion during the quarter, compared to analyst estimates of C$4.01 billion. Research analysts forecast that Metro will post 3.16506557113573 EPS for the current fiscal 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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