BMO Capital Markets Increases Metro (MRU) Price Target to C$53.00

Metro (TSE:MRU) had its price target raised by BMO Capital Markets from C$48.00 to C$53.00 in a research report released on Tuesday morning.

MRU has been the subject of a number of other research reports. National Bank Financial boosted their price objective on Metro from C$44.00 to C$46.00 and gave the stock a sector perform rating in a report on Thursday, November 22nd. TD Securities boosted their price objective on Metro from C$44.00 to C$47.00 and gave the stock a hold rating in a report on Thursday, November 22nd. Barclays boosted their price objective on Metro from C$45.00 to C$48.00 in a report on Thursday, November 22nd. CIBC boosted their price objective on Metro from C$42.00 to C$45.00 in a report on Thursday, November 22nd. Finally, Raymond James boosted their price objective on Metro from C$46.00 to C$47.00 and gave the stock an outperform rating in a report on Thursday, November 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$48.00.

Shares of TSE:MRU opened at C$47.71 on Tuesday. Metro has a 12-month low of C$38.32 and a 12-month high of C$48.09. The company has a debt-to-equity ratio of 46.59, a current ratio of 1.17 and a quick ratio of 0.48.

Metro (TSE:MRU) last issued its quarterly earnings data on Wednesday, November 21st. The company reported C$0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.63. The firm had revenue of C$3.74 billion for the quarter, compared to the consensus estimate of C$4.01 billion. As a group, equities analysts expect that Metro will post 3.17000002736211 EPS for the current year.

In other news, insider Martin Allaire sold 6,840 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of C$45.33, for a total transaction of C$310,057.20.

About Metro

Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and drug stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, prepared meals, fruits and vegetables, meats, and frozen foods.

Further Reading: How To Calculate Debt-to-Equity Ratio

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