BMO Capital Markets Upgrades Metro (TSE:MRU) to “Outperform”

Metro (TSE:MRU) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has a C$96.00 target price on the stock, up from their previous target price of C$92.00. BMO Capital Markets’ target price would suggest a potential upside of 5.72% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. National Bankshares raised their price objective on Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a report on Monday, January 13th. Desjardins boosted their price objective on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Royal Bank of Canada lowered shares of Metro from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 21st. CIBC boosted their price target on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. Finally, Scotiabank raised their price objective on Metro from C$98.00 to C$100.00 in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Metro has an average rating of “Hold” and an average target price of C$93.56.

Metro Stock Up 0.3 %

MRU opened at C$90.81 on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The business’s fifty day simple moving average is C$91.19 and its 200 day simple moving average is C$86.33. Metro has a 52 week low of C$68.12 and a 52 week high of C$94.86. The stock has a market cap of C$20.22 billion, a PE ratio of 22.20, a P/E/G 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.