Scotia Lowers Metro (TSE:MRU) Price Target to C$96.00

Metro (TSE:MRU) had its price objective lowered by stock analysts at Scotia from C$103.00 to C$96.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotia’s price target suggests a potential upside of 5.39% from the company’s current price.

MRU has been the topic of a number of other reports. BMO Capital Markets reduced their target price on shares of Metro from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a report on Thursday. Canadian Imperial Bank of Commerce reduced their target price 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. National Bank Financial reduced their target price on shares of Metro from C$106.00 to C$105.00 and set a “sector perform” rating on the stock in a report on Thursday. TD Securities reduced their target price on shares of Metro from C$118.00 to C$113.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada increased their target price on shares of Metro from C$112.00 to C$113.00 and gave the stock a “sector perform” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$103.63.

Metro Price Performance

Metro stock opened at C$91.09 on Thursday. The firm has a market cap of C$19.42 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 4.06 and a beta of 0.34. Metro has a 52-week low of C$89.30 and a 52-week high of C$109.20. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 69.30. The company’s 50 day moving average is C$95.08 and its two-hundred day moving average is C$96.24.

Metro (TSE:MRU) last released its earnings results on Wednesday, April 22nd. The company reported C$1.11 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts expect that Metro will post 4.8188614 EPS for the current fiscal year.

Insider Activity

In other news, insider Genevi�Ve Bich sold 4,418 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$91.13, for a total value of C$402,612.34. Following the sale, the insider directly owned 35,677 shares in the company, valued at approximately C$3,251,245.01. This trade represents a 11.02% decrease in their position. Also, insider Dan Gabbard sold 2,978 shares of the firm’s stock in a transaction on 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 sale, the insider owned 12,344 shares in the company, valued at C$1,193,294.48. The trade was a 19.44% decrease in their ownership of the stock. Insiders have sold a total of 11,844 shares of company stock valued at $1,096,119 over the last quarter. Company insiders own 0.14% of the company’s stock.

Key Headlines Impacting Metro

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)

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.