Metro (TSE:MRU) Stock Price Expected to Rise, CIBC Analyst Says

Metro (TSE:MRU) had its price target increased by stock analysts at CIBC from C$86.00 to C$91.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 1.42% from the stock’s previous close.

A number of other research firms also recently commented on MRU. Royal Bank of Canada increased their price objective on shares of Metro from C$84.00 to C$90.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Desjardins increased their price target 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 price target on shares of Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. National Bankshares increased their price target on shares of Metro from C$85.00 to C$88.00 in a research note on Thursday, August 15th. Finally, Cfra increased their price objective on shares of Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Metro presently has an average rating of “Hold” and a consensus price target of C$87.50.

Metro Stock Up 0.8 %

MRU stock opened at C$89.73 on Thursday. The company has a market cap of C$19.97 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. Metro has a 12 month low of C$65.43 and a 12 month high of C$90.72. The firm has a 50-day moving average of C$84.71 and a two-hundred day moving average of C$80.80.

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.