Metro (TSE:MRU) Price Target Increased to C$54.00 by Analysts at Desjardins

Metro (TSE:MRU) had its price objective raised by equities research analysts at Desjardins from C$51.00 to C$54.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price would indicate a potential downside of 0.09% from the stock’s previous close.

A number of other brokerages have also weighed in on MRU. Raymond James reissued a “market perform” rating and set a C$51.00 price objective on shares of Metro in a report on Thursday, April 18th. National Bank Financial boosted their price objective on shares of Metro from C$52.00 to C$55.00 and gave the company a “sector perform” rating in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of Metro from C$52.00 to C$55.00 and gave the company a “sector perform” rating in a report on Thursday. BMO Capital Markets boosted their price objective on shares of Metro from C$53.00 to C$54.00 in a report on Thursday, April 18th. Finally, TD Securities boosted their price objective on shares of Metro from C$51.00 to C$52.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Metro presently has an average rating of “Hold” and a consensus price target of C$53.75.

Shares of MRU stock traded up C$0.30 during trading hours on Thursday, reaching C$54.05. 380,002 shares of the company’s stock were exchanged, compared to its average volume of 502,077. The business’s 50 day moving average price is C$50.61. The stock has a market cap of $13.55 billion and a P/E ratio of 21.55. The company has a current ratio of 1.43, a quick ratio of 0.52 and a debt-to-equity ratio of 45.56. Metro has a fifty-two week low of C$39.04 and a fifty-two week high of C$54.42.

About Metro

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.

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