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

Metro (TSE:MRU) had its price objective hoisted by analysts at Desjardins from C$85.00 to C$95.00 in a research note issued to investors on Friday,BayStreet.CA reports. Desjardins’ price objective points to a potential upside of 5.87% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. CIBC increased their target price on Metro from C$86.00 to C$91.00 in a report on Thursday. Cfra raised their target price on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. National Bankshares lifted their target price on shares of Metro from C$85.00 to C$88.00 in a research note on Thursday, August 15th. BMO Capital Markets increased their price target on shares of Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Metro from C$84.00 to C$90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Metro currently has an average rating of “Hold” and an average price target of C$87.50.

Metro Stock Up 0.8 %

Shares of MRU opened at C$89.73 on Friday. Metro has a 1 year low of C$65.43 and a 1 year high of C$90.72. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The stock has a 50 day simple moving average of C$84.71 and a two-hundred day simple moving average of C$80.86. The firm has a market cap of C$19.97 billion, a P/E ratio of 21.94, a P/E/G ratio of 4.06 and a beta of 0.08.

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.