Metro (TSE:MRU) Insider Dan Gabbard Sells 2,978 Shares of Stock

Metro Inc. (TSE:MRU) insider Dan Gabbard sold 2,978 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of C$96.67, for a total transaction of C$287,883.26. Following the transaction, the insider directly owned 12,344 shares of the company’s stock, valued at approximately C$1,193,294.48. This represents a 19.44% decrease in their position.

Metro Trading Up 0.7%

Shares of TSE:MRU opened at C$97.31 on Tuesday. 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 stock’s 50-day moving average is C$97.31 and its 200-day moving average is C$97.21. The company has a market cap of C$20.74 billion, a P/E ratio of 21.53, a P/E/G ratio of 4.06 and a beta of 0.13. Metro Inc. has a 52-week low of C$89.64 and a 52-week high of C$109.20.

Metro (TSE:MRU) last posted 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 return on equity of 13.80% and a net margin of 4.50%. Equities research analysts predict that Metro Inc. will post 4.8188614 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Metro from C$115.00 to C$110.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. TD Securities decreased their price target on shares of Metro from C$118.00 to C$113.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. National Bank Financial cut their price objective on shares of Metro from C$107.00 to C$106.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Royal Bank Of Canada increased their target price on shares of Metro from C$112.00 to C$113.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Finally, Canadian Imperial Bank of Commerce lowered their price target on Metro from C$105.00 to C$101.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Metro has a consensus rating of “Hold” and an average target price of C$106.25.

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.