BMO Capital Markets Upgrades Metro (TSE:MRU) to “Outperform”

Metro (TSE:MRU) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a C$96.00 price target on the stock, up from their previous price target of C$92.00. BMO Capital Markets’ target price points to a potential upside of 5.72% from the company’s current price.

A number of other brokerages have also recently commented on MRU. CIBC upped their price target on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. Scotiabank increased their target price on Metro from C$98.00 to C$100.00 in a research report on Thursday. National Bankshares raised their price target on Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a report on Monday, January 13th. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, Desjardins raised their target price on Metro from C$85.00 to C$95.00 in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$93.56.

Metro Trading Up 0.3 %

Shares of MRU opened at C$90.81 on Thursday. Metro has a fifty-two week low of C$68.12 and a fifty-two week high of C$94.86. The business has a 50-day moving average of C$91.19 and a 200 day moving average of C$86.33. The firm has a market cap of C$20.22 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10.

About Metro

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.