Metro (TSE:MRU) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Metro (TSE:MRU) had its target price upped by analysts at Royal Bank of Canada from C$84.00 to C$90.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 4.08% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on MRU. TD Securities upgraded shares of Metro from a “hold” rating to a “buy” rating and upped their price target for the company from C$80.00 to C$92.00 in a report on Monday, July 22nd. Desjardins increased their target price on shares of Metro from C$75.00 to C$80.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. BMO Capital Markets increased their target price on shares of Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. CIBC increased their target price on shares of Metro from C$77.00 to C$86.00 in a research note on Thursday, August 15th. Finally, Cfra increased their target price on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$85.00.

Metro Stock Down 1.4 %

MRU stock opened at C$86.47 on Tuesday. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. Metro has a 52-week low of C$65.43 and a 52-week high of C$87.94. The company has a 50-day moving average of C$84.47 and a two-hundred day moving average of C$80.04. The stock has a market capitalization of C$19.25 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08.

Metro (TSE:MRU) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$1.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$1.35. Metro had a net margin of 4.36% and a return on equity of 13.74%. The company had revenue of C$6.65 billion during the quarter, compared to analysts’ expectations of C$6.58 billion. As a group, equities research analysts anticipate that Metro will post 4.8188614 EPS for the current year.

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.