Metro (TSE:MRU) PT Set at C$105.00 by National Bank Financial

Metro (TSE:MRU) received a C$105.00 price objective from research analysts at National Bank Financial in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 15.55% from the company’s previous close.

Several other research analysts have also issued reports on the company. Scotia reduced their target price on Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. Desjardins dropped their price target on Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Scotiabank downgraded shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price objective on the stock. in a report on Thursday, April 9th. BMO Capital Markets decreased their price objective on shares of Metro from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Canadian Imperial Bank of Commerce lowered their target price on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$103.62.

Metro Stock Performance

MRU traded down C$0.12 during trading on Tuesday, hitting C$90.87. The company’s stock had a trading volume of 194,740 shares, compared to its average volume of 534,907. Metro has a one year low of C$86.63 and a one year high of C$107.78. The business’s 50 day simple moving average is C$90.54 and its 200-day simple moving average is C$94.38. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 69.30. The firm has a market cap of C$19.17 billion, a PE ratio of 19.38, a P/E/G ratio of 4.06 and a beta of 0.19.

Metro (TSE:MRU) last released its quarterly earnings data on Wednesday, April 22nd. The company reported C$1.11 EPS for the quarter. The business had revenue of C$5.11 billion during the quarter. Metro had a net margin of 4.52% and a return on equity of 14.38%. As a group, sell-side analysts predict that Metro will post 4.8188614 EPS for the current fiscal year.

About Metro

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.