Metro Inc. (TSE:MRU) Receives Consensus Rating of “Moderate Buy” from Analysts

Metro Inc. (TSE:MRU) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$109.25.

A number of brokerages have recently commented on MRU. National Bankshares set a C$107.00 price objective on Metro and gave the company an “outperform” rating in a research report on Monday, January 19th. Royal Bank Of Canada increased their price target 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. Desjardins set a C$105.00 price target on Metro and gave the stock a “hold” rating in a research note on Thursday, November 20th. Scotiabank upped their price objective on shares of Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Finally, BMO Capital Markets dropped their target price on shares of Metro from C$115.00 to C$110.00 in a research report on Monday, November 3rd.

Metro Stock Down 5.5%

Shares of TSE MRU opened at C$92.93 on Friday. The stock has a fifty day moving average price of C$98.85 and a 200 day moving average price of C$98.27. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. Metro has a 12-month low of C$87.76 and a 12-month high of C$109.20. The company has a market cap of C$19.86 billion, a P/E ratio of 20.07, a P/E/G ratio of 4.06 and a beta of 0.11.

Metro (TSE:MRU) last released its earnings results on Wednesday, November 19th. The company reported C$1.13 EPS for the quarter. The company had revenue of C$5.11 billion during the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%. Research analysts anticipate that Metro will post 4.8188614 EPS for the current fiscal year.

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.