Metro (TSE:MRU) Given a C$98.00 Price Target by UBS Group Analysts

Metro (TSE:MRU) has been given a C$98.00 price target by equities research analysts at UBS Group in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 5.41% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Royal Bank of Canada cut Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cfra raised their target price on Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. CIBC raised their target price on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Desjardins raised their target price on Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Finally, National Bankshares raised their target price on Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Metro presently has an average rating of “Hold” and an average price target of C$88.67.

Metro Stock Down 0.7 %

Metro stock traded down C$0.66 during midday trading on Friday, reaching C$92.97. The company’s stock had a trading volume of 109,582 shares, compared to its average volume of 451,412. The stock’s 50-day simple moving average is C$86.88 and its 200-day simple moving average is C$82.61. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. Metro has a 52-week low of C$65.43 and a 52-week high of C$94.86. The stock has a market capitalization of C$20.70 billion, a P/E ratio of 22.78, a PEG ratio of 4.06 and a beta of 0.08.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.