Metro (TSE:MRU) Given a C$107.00 Price Target by National Bankshares Analysts

Metro (TSE:MRU) has been assigned a C$107.00 target price by stock analysts at National Bankshares in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 9.24% from the stock’s previous close.

A number of other brokerages also recently issued reports on MRU. Scotiabank upped their price target on Metro from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Desjardins set a C$105.00 price objective on Metro and gave the stock a “hold” rating in a research report on Thursday, November 20th. Finally, BMO Capital Markets reduced their target price on Metro from C$115.00 to C$110.00 in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$109.13.

Metro Stock Performance

MRU stock opened at C$97.95 on Monday. The firm has a market cap of C$20.94 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 4.06 and a beta of 0.11. The firm has a 50-day simple moving average of C$98.85 and a two-hundred day simple moving average of C$98.54. Metro has a one year low of C$87.76 and a one year high of C$109.20. 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 (EPS) 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 analysts forecast that Metro will post 4.8188614 EPS for the current fiscal 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.