Royal Bank Of Canada Has Lowered Expectations for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price target reduced by Royal Bank Of Canada from C$111.00 to C$110.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 22.78% from the company’s current price.

Several other research analysts have also issued reports on the company. BMO Capital Markets lowered Metro from an “outperform” rating to a “hold” rating and cut their price target for the stock from C$105.00 to C$95.00 in a report on Monday, July 20th. TD Securities upgraded Metro to a “strong-buy” rating in a report on Wednesday, July 29th. Desjardins lowered their target price 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 cut their target price on Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Finally, National Bank Financial reduced their price target on shares of Metro from C$105.00 to C$102.00 and set a “sector perform” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$102.33.

Metro Stock Down 0.4%

Shares of TSE MRU traded down C$0.39 during trading on Thursday, hitting C$89.59. 222,575 shares of the company traded hands, compared to its average volume of 532,578. The business’s fifty day moving average is C$92.23 and its 200 day moving average is C$92.91. Metro has a fifty-two week low of C$86.63 and a fifty-two week high of C$102.71. The firm has a market capitalization of C$18.90 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 4.06 and a beta of 0.18. The company has a debt-to-equity ratio of 69.30, a quick ratio of 0.41 and a current ratio of 1.43.

Metro (TSE:MRU) last issued its earnings results on Wednesday, August 12th. The company reported C$1.24 EPS for the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%.The company had revenue of C$6.97 billion during the quarter. Equities research analysts predict that Metro will post 4.8188614 earnings per share 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.