Metro (TSE:MRU – Get Free Report) had its target price raised by equities research analysts at TD from C$106.00 to C$108.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 20.55% from the stock’s current price.
A number of other equities analysts have also recently weighed in on MRU. Desjardins reduced their price objective on shares of Metro from C$99.00 to C$97.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Canadian Imperial Bank of Commerce cut their target price on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. TD Securities upgraded shares of Metro to a “strong-buy” rating in a research report on Wednesday, July 29th. Scotia decreased their price target on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Finally, National Bank Financial lowered their price objective on Metro from C$105.00 to C$102.00 and set a “sector perform” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$102.33.
View Our Latest Analysis on MRU
Metro Price Performance
Metro (TSE:MRU – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$1.24 EPS for the quarter. The company had revenue of C$6.97 billion for the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%. As a group, sell-side analysts anticipate that Metro will post 4.8188614 earnings per share for the current fiscal year.
About Metro
With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.
Featured Stories
- Five stocks we like better than Metro
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Receive News & Ratings for Metro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro and related companies with MarketBeat.com's FREE daily email newsletter.
