Insider Selling: Metro (TSE:MRU) Insider Sells C$222,247.80 in Stock

Metro Inc. (TSE:MRU) insider Paolo Bravi sold 2,430 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of C$91.46, for a total value of C$222,247.80. Following the completion of the sale, the insider directly owned 19,730 shares of the company’s stock, valued at approximately C$1,804,505.80. This represents a 10.97% decrease in their position.

Metro Stock Performance

MRU opened at C$95.75 on Monday. The company has a market cap of C$20.41 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 4.06 and a beta of 0.13. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. The firm’s 50-day moving average price is C$97.76 and its 200-day moving average price is C$97.61. Metro Inc. has a 52-week low of C$89.64 and a 52-week high of C$109.20.

Metro (TSE:MRU) last released its earnings results on Tuesday, January 27th. The company reported C$1.16 earnings per share for the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. The company had revenue of C$5.29 billion for the quarter. As a group, equities analysts anticipate that Metro Inc. will post 4.8188614 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MRU. TD Securities lowered their price target on 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. Desjardins decreased their target price on Metro from C$105.00 to C$99.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Royal Bank Of Canada upped their target price on 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. National Bankshares cut their price target on shares of Metro from C$107.00 to C$106.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Finally, Scotiabank decreased their price objective on shares of 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. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Metro has a consensus rating of “Hold” and a consensus price target 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.