Metro Inc. (TSE:MRU) Receives C$106.25 Average PT from Analysts

Metro Inc. (TSE:MRU) has earned an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$106.25.

MRU has been the subject of several research analyst reports. Scotiabank reduced their target price on Metro from C$110.00 to C$103.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Desjardins dropped their price target on shares of Metro from C$105.00 to C$99.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. BMO Capital Markets reduced their price objective on shares of Metro from C$115.00 to C$110.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. TD Securities dropped their target price on shares of Metro from C$118.00 to C$113.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Finally, National Bank Financial cut their target price on shares of Metro from C$107.00 to C$106.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 28th.

Insider Transactions at Metro

In related news, insider Dan Gabbard sold 2,978 shares of the company’s stock in a transaction that occurred 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 sale, 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. Also, insider Genevi�Ve Bich sold 4,418 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$91.13, for a total value of C$402,612.34. Following the transaction, the insider owned 35,677 shares in the company, valued at C$3,251,245.01. This trade represents a 11.02% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 11,844 shares of company stock worth $1,096,119. 0.14% of the stock is owned by corporate insiders.

Metro Stock Performance

Shares of TSE:MRU opened at C$96.81 on Friday. The business has a 50-day moving average of C$96.44 and a two-hundred day moving average of C$96.41. The firm has a market capitalization of C$20.64 billion, a PE ratio of 21.42, a P/E/G ratio of 4.06 and a beta of 0.31. The company has a debt-to-equity ratio of 69.33, a current ratio of 1.42 and a quick ratio of 0.41. Metro has a 12 month low of C$89.64 and a 12 month high of C$109.20.

Metro (TSE:MRU) last issued its earnings results on Tuesday, January 27th. The company reported C$1.16 earnings per share (EPS) for the quarter. The business had revenue of C$5.29 billion during the quarter. Metro had a return on equity of 13.93% and a net margin of 4.44%. As a group, research analysts forecast that Metro will post 4.8188614 earnings per share for the current year.

Metro Company Profile

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.