UBS Group Raises Metro (TSE:MRU) Price Target to C$99.00

Metro (TSE:MRU) had its target price hoisted by investment analysts at UBS Group from C$98.00 to C$99.00 in a research note issued on Thursday,BayStreet.CA reports. UBS Group’s price objective indicates a potential upside of 9.02% from the stock’s current price.

Several other analysts have also issued reports on MRU. BMO Capital Markets upgraded shares of Metro from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$92.00 to C$96.00 in a research report on Thursday. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. CIBC raised their target price on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Desjardins boosted their price target on Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Finally, National Bankshares upped their price target on Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a research report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$93.56.

Metro Trading Up 0.3 %

Shares of TSE:MRU opened at C$90.81 on Thursday. Metro has a 52-week low of C$68.12 and a 52-week high of C$94.86. The stock has a market capitalization of C$20.22 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. The stock’s 50-day simple moving average is C$91.19 and its two-hundred day simple moving average is C$86.33.

About Metro

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.