Royal Bank Of Canada Cuts Metro (TSE:MRU) Price Target to C$110.00

Metro (TSE:MRU – Free Report) had its price objective reduced by Royal Bank Of Canada from C$111.00 to C$110.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other analysts also recently issued reports about the company. TD Securities upgraded Metro to a “strong-buy” rating in a report on Wednesday, July 29th. BMO Capital Markets downgraded shares of Metro from an “outperform” rating to a “hold” rating and cut their target price for the company from C$105.00 to C$95.00 in a research report on Monday, July 20th. National Bank Financial dropped their price objective on shares of Metro from C$105.00 to C$102.00 and set a “sector perform” rating on the stock in a research note on Thursday. Desjardins cut their price objective on shares of Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Finally, Scotia lowered their target price on Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Metro has a consensus rating of “Hold” and a consensus target price of C$102.33.

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Metro Trading Down 1.6%

Shares of MRU opened at C$88.05 on Thursday. The company’s fifty day moving average is C$92.15 and its 200 day moving average is C$92.81. Metro has a fifty-two week low of C$86.63 and a fifty-two week high of C$102.71. The stock has a market capitalization of C$18.43 billion, a PE ratio of 20.91, a P/E/G ratio of 4.06 and a beta of 0.18. The company has a debt-to-equity ratio of 71.09, a quick ratio of 0.41 and a current ratio of 1.43.

Metro (TSE:MRU – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$1.24 earnings per share for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%.The company had revenue of C$6.97 billion for the quarter. Sell-side analysts expect that Metro will post 4.8188614 earnings per share for the current fiscal year.

Metro Company Profile

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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.

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