Metro (TSE:MRU) Given a C$105.00 Price Target by National Bank Financial Analysts

Metro (TSE:MRU) has been given a C$105.00 price objective by analysts at National Bank Financial in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 15.55% from the company’s current price.

MRU has been the subject of several other research reports. Scotiabank cut shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price target for the company. in a research report on Thursday, April 9th. Canadian Imperial Bank of Commerce cut their price target on Metro from C$101.00 to C$97.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Desjardins reduced their price target on Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Scotia decreased their price objective on Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. Finally, BMO Capital Markets lowered their price objective on Metro from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$103.62.

Metro Trading Down 0.1%

Shares of MRU traded down C$0.12 during midday trading on Tuesday, hitting C$90.87. 194,740 shares of the stock were exchanged, compared to its average volume of 534,907. Metro has a 52-week low of C$86.63 and a 52-week high of C$107.78. The company has a debt-to-equity ratio of 69.30, a quick ratio of 0.41 and a current ratio of 1.43. The stock has a fifty day simple moving average of C$90.54 and a 200 day simple moving average of C$94.38. The firm has a market cap of C$19.17 billion, a P/E ratio of 19.38, a P/E/G ratio of 4.06 and a beta of 0.19.

Metro (TSE:MRU) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported C$1.11 EPS for the quarter. The business had revenue of C$5.11 billion during the quarter. Metro had a net margin of 4.52% and a return on equity of 14.38%. On average, research analysts anticipate that Metro will post 4.8188614 EPS for the current fiscal year.

About Metro

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.