BMO Capital Markets Lowers Metro (TSE:MRU) Price Target to C$110.00

Metro (TSE:MRU) had its target price decreased by equities research analysts at BMO Capital Markets from C$115.00 to C$110.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 17.60% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on MRU. Royal Bank Of Canada increased their price target on Metro from C$98.00 to C$112.00 in a research note on Monday, July 21st. TD Securities increased their price target on Metro from C$112.00 to C$118.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, National Bankshares dropped their price target on Metro from C$110.00 to C$107.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$109.13.

Metro Stock Up 0.1%

MRU opened at C$93.54 on Monday. Metro has a 1-year low of C$82.94 and a 1-year high of C$109.20. The stock’s fifty day simple moving average is C$94.60 and its 200 day simple moving average is C$101.02. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The stock has a market cap of C$20.35 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 4.06 and a beta of 0.20.

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.