Royal Bank Of Canada Boosts Metro (TSE:MRU) Price Target to C$113.00

Metro (TSE:MRU) had its price objective boosted by analysts at Royal Bank Of Canada from C$112.00 to C$113.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 13.49% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Scotiabank raised their price target on Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Desjardins set a C$105.00 price target on shares of Metro and gave the company a “hold” rating in a report on Thursday, November 20th. BMO Capital Markets reduced their price objective on Metro from C$115.00 to C$110.00 in a report on Monday, November 3rd. Finally, National Bankshares set a C$107.00 price target on Metro and gave the company an “outperform” rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$109.25.

Metro Price Performance

Shares of TSE:MRU traded up C$0.05 on Friday, hitting C$99.57. The stock had a trading volume of 217,332 shares, compared to its average volume of 354,387. Metro has a twelve month low of C$87.76 and a twelve month high of C$109.20. The company has a market capitalization of C$21.28 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11. The firm’s 50 day moving average price is C$98.94 and its 200-day moving average price is C$98.55. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35.

Metro (TSE:MRU) last issued its quarterly earnings data on Wednesday, November 19th. The company reported C$1.13 earnings per share for the quarter. The firm had revenue of C$5.11 billion for the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. On average, equities research analysts predict that Metro will post 4.8188614 earnings per share for the current year.

Metro Company Profile

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.