CIBC Forecasts Strong Price Appreciation for Metro (TSE:MRU) Stock

Metro (TSE:MRU) had its target price raised by analysts at CIBC from C$91.00 to C$106.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 3.89% from the stock’s previous close.

MRU has been the subject of several other research reports. BMO Capital Markets increased their target price on shares of Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. National Bankshares lifted their target price on shares of Metro from C$94.00 to C$102.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 2nd. UBS Group boosted their price objective on shares of Metro from C$99.00 to C$105.00 in a research report on Thursday. Scotiabank increased their price objective on shares of Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their target price on Metro from C$90.00 to C$98.00 in a research report on Monday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$102.00.

Metro Trading Up 0.9 %

TSE:MRU traded up C$0.90 during mid-day trading on Thursday, hitting C$102.03. 189,871 shares of the company’s stock were exchanged, compared to its average volume of 531,918. The firm has a market capitalization of C$22.56 billion, a P/E ratio of 23.55, a PEG ratio of 4.06 and a beta of 0.08. Metro has a fifty-two week low of C$69.19 and a fifty-two week high of C$103.59. The company has a 50 day simple moving average of C$95.78 and a 200-day simple moving average of C$91.03. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29.

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.