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

Metro (TSE:MRU) had its price objective upped by equities researchers at Royal Bank Of Canada from C$112.00 to C$113.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 13.70% from the stock’s current price.

A number of other equities research analysts have also commented on MRU. BMO Capital Markets dropped their price objective on shares of Metro from C$115.00 to C$110.00 in a report on Monday, November 3rd. Desjardins set a C$105.00 price target on Metro and gave the company a “hold” rating in a report on Thursday, November 20th. National Bankshares set a C$107.00 price objective on Metro and gave the stock an “outperform” rating in a research report on Monday, January 19th. Finally, Scotiabank lifted their target price on Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$109.25.

Metro Trading Down 0.1%

TSE MRU opened at C$99.38 on Friday. 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 current ratio of 1.35 and a quick ratio of 0.41. The firm has a market cap of C$21.24 billion, a P/E ratio of 21.46, a P/E/G ratio of 4.06 and a beta of 0.11. The stock’s 50-day moving average is C$98.96 and its 200-day moving average is C$98.45.

Metro (TSE:MRU) last posted its earnings results on Wednesday, November 19th. The company reported C$1.13 earnings per share (EPS) for the quarter. The business had revenue of C$5.11 billion during the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%. Sell-side analysts anticipate that Metro will post 4.8188614 earnings per share 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.