Metro (TSE:MRU) Upgraded to Outperform at BMO Capital Markets

Metro (TSE:MRU) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Thursday,BayStreet.CA reports. The firm presently has a C$96.00 price objective on the stock, up from their prior price objective of C$92.00. BMO Capital Markets’ target price would suggest a potential upside of 5.41% from the company’s previous close.

MRU has been the subject of several other research reports. National Bankshares boosted their price objective on shares of Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a research note on Monday, January 13th. UBS Group set a C$98.00 price objective on Metro and gave the company a “neutral” rating in a report on Friday, December 13th. Desjardins raised their price objective on Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Scotiabank raised their price target on Metro from C$98.00 to C$100.00 in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$93.56.

Metro Stock Down 0.6 %

Metro stock traded down C$0.56 during trading hours on Thursday, reaching C$91.07. The stock had a trading volume of 86,912 shares, compared to its average volume of 355,755. The company has a market cap of C$20.27 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 4.06 and a beta of 0.08. The business’s 50 day moving average price is C$91.16 and its 200-day moving average price is C$86.30. Metro has a 52 week low of C$68.12 and a 52 week high of C$94.86. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41.

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.