Royal Bank of Canada Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price objective boosted by investment analysts at Royal Bank of Canada from C$90.00 to C$98.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential downside of 2.85% from the company’s current price.

Several other brokerages have also weighed in on MRU. Scotiabank lifted their price objective on Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. National Bankshares raised their price objective on shares of Metro from C$94.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 2nd. BMO Capital Markets boosted their target price on shares of Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. Finally, UBS Group raised their price target on Metro from C$98.00 to C$99.00 in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Metro has a consensus rating of “Hold” and a consensus target price of C$96.89.

Metro Stock Up 0.6 %

MRU opened at C$100.88 on Monday. Metro has a twelve month low of C$69.19 and a twelve month high of C$103.59. The company’s 50-day moving average price is C$95.59 and its two-hundred day moving average price is C$90.96. The stock has a market cap of C$22.31 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 4.06 and a beta of 0.08. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29.

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.