Metro (TSE:MRU) Cut to Hold at Royal Bank of Canada

Metro (TSE:MRU) was downgraded by equities research analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

MRU has been the subject of several other reports. Desjardins upped their price objective on Metro from C$85.00 to C$95.00 in a research report on Friday. National Bankshares lifted their price target on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. CIBC increased their price objective on Metro from C$86.00 to C$91.00 in a report on Thursday. Cfra lifted their target price on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Finally, BMO Capital Markets increased their price target on shares of Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$87.50.

Metro Price Performance

Metro stock opened at C$89.73 on Thursday. Metro has a 52-week low of C$65.43 and a 52-week high of C$90.72. The firm has a market cap of C$19.97 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The company’s 50 day moving average is C$84.71 and its two-hundred day moving average is C$80.80.

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.