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

Metro (TSE:MRU) had its price target cut by research analysts at Desjardins from C$99.00 to C$97.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price objective suggests a potential upside of 6.49% from the company’s previous close.

Several other analysts have also recently commented on the stock. Royal Bank Of Canada raised their price objective 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. Scotiabank cut shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price objective for the company. in a research note on Thursday, April 9th. BMO Capital Markets reduced their price objective on shares of Metro from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research note on Thursday. TD Securities reduced their price objective on shares of Metro from C$118.00 to C$113.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$103.63.

Metro Stock Up 1.3%

Shares of TSE:MRU opened at C$91.09 on Thursday. The company has a market cap of C$19.42 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 4.06 and a beta of 0.34. The firm’s 50-day simple moving average is C$95.08 and its 200-day simple moving average is C$96.24. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 69.30. Metro has a fifty-two week low of C$89.30 and a fifty-two week high of C$109.20.

Metro (TSE:MRU) last issued its earnings results on Wednesday, April 22nd. The company reported C$1.11 earnings per share for the quarter. The business had revenue of C$5.11 billion for the quarter. Metro had a net margin of 4.52% and a return on equity of 14.38%. As a group, equities research analysts predict that Metro will post 4.8188614 earnings per share for the current year.

Insider Buying and Selling at Metro

In other Metro news, insider Dan Gabbard sold 2,978 shares of Metro stock in a transaction dated Friday, February 13th. The shares were sold at an average price of C$96.67, for a total transaction of C$287,883.26. Following the completion of the transaction, the insider owned 12,344 shares in the company, valued at approximately C$1,193,294.48. The trade was a 19.44% decrease in their ownership of the stock. Also, insider Richard Pruneau sold 2,018 shares of Metro stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$90.87, for a total transaction of C$183,375.66. Following the transaction, the insider owned 12,433 shares of the company’s stock, valued at approximately C$1,129,786.71. The trade was a 13.96% decrease in their position. In the last three months, insiders have sold 11,844 shares of company stock worth $1,096,119. 0.14% of the stock is currently owned by insiders.

Key Metro News

Here are the key news stories impacting Metro this week:

• Positive Sentiment: BMO cut its price target from C$110 to C$105 but kept an “outperform” rating, implying roughly 16.8% upside from the referenced C$89.88 share price — a supportive read for the stock. BMO target note
• Neutral Sentiment: An article examines whether Metro is attractive now after recent share‑price weakness — a valuation/idea piece that may encourage value-seeking investors but is not a fresh operational catalyst. Is Metro Now Attractive?
• Neutral Sentiment: National Bank Financial trimmed its target slightly (to C$105) and kept a “sector perform” view, signaling modest upside but no conviction to upgrade. National Bank note
• Neutral Sentiment: Scotiabank lowered its target from C$103 to C$96 and maintained a “sector perform” rating — a downward revision but not a sell call, leaving near‑term upside limited. Scotiabank note
• Negative Sentiment: CIBC reduced its target to C$97 and moved to a “neutral” rating, representing less enthusiasm and adding downward pressure after several simultaneous analyst adjustments. CIBC note
• Negative Sentiment: Desjardins cut its target to C$97 and set a “hold” rating, another downgrade that contributes to mixed-to-cautious analyst sentiment; coverage noted on BayStreet and TickerReport. Desjardins note (BayStreet) Desjardins note (TickerReport)

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.