Scotiabank Issues Pessimistic Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its target price lowered by equities research analysts at Scotiabank from C$110.00 to C$103.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 13.93% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada lifted their price target on shares of Metro from C$112.00 to C$113.00 and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Desjardins dropped their price target on Metro from C$105.00 to C$99.00 and set a “hold” rating for the company in a research note on Wednesday. TD Securities reduced their price objective on shares of Metro from C$118.00 to C$113.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets dropped their target price on shares of Metro from C$115.00 to C$110.00 in a research report on Monday, November 3rd. Finally, National Bankshares cut their price target on shares of Metro from C$107.00 to C$106.00 and set a “sector perform” rating for the company in a report on Wednesday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$106.25.

Metro Trading Down 0.3%

Shares of Metro stock opened at C$90.41 on Wednesday. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The firm has a 50-day moving average of C$98.49 and a 200-day moving average of C$98.16. Metro has a 52-week low of C$89.13 and a 52-week high of C$109.20. The stock has a market cap of C$19.27 billion, a PE ratio of 19.53, a PEG ratio of 4.06 and a beta of 0.11.

Metro (TSE:MRU) last issued its quarterly earnings data on Tuesday, January 27th. The company reported C$1.16 earnings per share for the quarter. The business had revenue of C$5.29 billion during the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. As a group, sell-side analysts forecast that Metro will post 4.8188614 EPS for the current year.

More Metro News

Here are the key news stories impacting Metro this week:

• Positive Sentiment: TD Securities cut its target from C$118 to C$113 but kept a “buy” rating, implying about 24.6% upside — a vote of confidence from a major bank. BayStreet.CA
• Positive Sentiment: BMO Capital Markets trimmed its target to C$110 (from C$115) and maintained an “outperform” rating, signaling continued upside (~21.3%) despite the cut. BayStreet.CA TickerReport
• Positive Sentiment: Scotiabank lowered its target to C$103 (from C$110) but stayed “outperform,” leaving a double-digit upside case for investors. BayStreet.CA TickerReport
• Positive Sentiment: Analysts’ consensus still skews constructive: a published consensus rating of “Moderate Buy” supports longer-term upside expectations. AmericanBankingNews
• Neutral Sentiment: Metro reported quarterly results: C$1.16 EPS on C$5.29B revenue, with a 4.5% net margin and 13.8% ROE — a solid snapshot but not clearly market-moving on its own. MarketBeat Earnings Press Release
• Neutral Sentiment: National Bankshares nudged its target down slightly to C$106 (from C$107) and labeled Metro “sector perform,” signaling limited near-term conviction. BayStreet.CA
• Neutral Sentiment: CIBC trimmed its target to C$101 and kept a “neutral” rating, suggesting modest upside but not a catalyst for aggressive buying. BayStreet.CA
• Negative Sentiment: Desjardins lowered its target to C$99 and moved to a “hold” rating — one of the more cautious notes and part of a broader pattern of target trims that may be weighing on sentiment today. BayStreet.CA

About Metro

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.