Metro (TSE:MRU) PT Raised to C$75.00 at Desjardins

Metro (TSE:MRU) had its price target boosted by equities researchers at Desjardins from C$74.00 to C$75.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target points to a potential upside of 5.68% from the stock’s previous close. Desjardins also issued estimates for Metro’s Q2 2024 earnings at $0.88 EPS and Q3 2024 earnings at $1.39 EPS.

A number of other brokerages also recently issued reports on MRU. BMO Capital Markets increased their price target on shares of Metro from C$73.00 to C$75.00 in a report on Wednesday, January 31st. Scotiabank cut their price objective on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a research report on Monday. National Bankshares increased their target price on shares of Metro from C$80.00 to C$82.00 and gave the stock a “sector perform” rating in a research note on Thursday. TD Securities increased their target price on shares of Metro from C$78.00 to C$80.00 in a research note on Thursday. Finally, Royal Bank of Canada lowered their target price on shares of Metro from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$77.86.

Metro Stock Performance

TSE:MRU traded up C$0.69 during trading hours on Thursday, hitting C$70.97. 184,918 shares of the company were exchanged, compared to its average volume of 435,118. The stock has a market capitalization of C$16.11 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.12 and a beta of 0.04. Metro has a 52-week low of C$65.43 and a 52-week high of C$78.88. The company has a debt-to-equity ratio of 65.71, a current ratio of 1.16 and a quick ratio of 0.41. The company’s 50 day moving average price is C$72.19 and its 200-day moving average price is C$70.61.

Metro (TSE:MRU) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, meeting the consensus estimate of C$0.91. The business had revenue of C$4.66 billion for the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a net margin of 4.81% and a return on equity of 15.00%. As a group, research analysts forecast that Metro will post 4.2576393 earnings per share for the current year.

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.