Metro (TSE:MRU – Get Free Report) had its price target upped by analysts at Royal Bank of Canada from C$84.00 to C$90.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 4.08% from the company’s current price.
MRU has been the subject of several other research reports. BMO Capital Markets raised their price objective on shares of Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. Cfra raised their price target on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. National Bankshares raised their price target on shares of Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. CIBC raised their price target on shares of Metro from C$77.00 to C$86.00 in a report on Thursday, August 15th. Finally, Desjardins raised their price target on shares of Metro from C$75.00 to C$80.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$85.00.
Read Our Latest Stock Report on Metro
Metro Stock Performance
Metro (TSE:MRU – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$1.35 earnings per share for the quarter, hitting the consensus estimate of C$1.35. The company had revenue of C$6.65 billion during the quarter, compared to analyst estimates of C$6.58 billion. Metro had a net margin of 4.36% and a return on equity of 13.74%. On average, equities analysts forecast that Metro will post 4.8188614 earnings per share for the current fiscal year.
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.
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