Metro (TSE:MRU) Upgraded by TD Securities to “Strong-Buy” Rating

Metro (TSE:MRU) was upgraded by stock analysts at TD Securities to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Scotiabank cut Metro from an “outperform” rating to a “hold” rating and set a C$103.00 target price for the company. in a research note on Thursday, April 9th. BMO Capital Markets cut shares of Metro from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$105.00 to C$95.00 in a report on Monday, July 20th. Canadian Imperial Bank of Commerce cut their price objective on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. National Bank Financial set a C$105.00 price objective on shares of Metro and gave the stock a “sector perform” rating in a research report on Tuesday, June 30th. Finally, Desjardins lowered their target price on shares of Metro from C$99.00 to C$97.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$102.38.

Metro Trading Up 0.6%

TSE:MRU opened at C$95.36 on Wednesday. The stock has a 50-day simple moving average of C$91.65 and a 200-day simple moving average of C$93.42. The stock has a market cap of C$20.11 billion, a P/E ratio of 20.33, a P/E/G ratio of 4.06 and a beta of 0.16. Metro has a 1 year low of C$86.63 and a 1 year high of C$107.78. The company has a debt-to-equity ratio of 69.30, a quick ratio of 0.41 and a current ratio of 1.43.

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.