TD Securities Cuts Metro (TSE:MRU) Price Target to C$113.00

Metro (TSE:MRU) had its price objective reduced by TD Securities from C$118.00 to C$113.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also commented on MRU. Scotiabank lifted their price target on shares of Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Royal Bank Of Canada upped their price objective 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. Desjardins set a C$105.00 price target on Metro and gave the company a “hold” rating in a research note on Thursday, November 20th. BMO Capital Markets reduced their price objective on shares of Metro from C$115.00 to C$110.00 in a research report on Monday, November 3rd. Finally, National Bankshares reduced their price objective on Metro from C$107.00 to C$106.00 and set a “sector perform” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$106.25.

Metro Stock Down 0.0%

Shares of TSE:MRU opened at C$90.39 on Wednesday. The company has a fifty day simple moving average of C$98.30 and a 200 day simple moving average of C$98.05. The firm has a market cap of C$19.27 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11. Metro has a 12-month low of C$89.13 and a 12-month high of C$109.20. 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 (TSE:MRU) last issued its quarterly earnings results on Tuesday, January 27th. The company reported C$1.16 EPS for the quarter. The business had revenue of C$5.29 billion for the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. On average, equities research analysts anticipate that Metro will post 4.8188614 EPS for the current fiscal year.

Insider Activity

In related news, insider Genevi�Ve Bich sold 4,418 shares of Metro 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 completion of the sale, the insider owned 35,677 shares of the company’s stock, valued at approximately C$3,251,245.01. The trade was a 11.02% decrease in their position. Also, insider Richard Pruneau sold 2,018 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$90.87, for a total value of C$183,375.66. Following the completion of the sale, the insider directly owned 12,433 shares of the company’s stock, valued at C$1,129,786.71. This represents a 13.96% decrease in their position. 0.14% of the stock is owned by insiders.

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.