Richard Pruneau Sells 2,018 Shares of Metro (TSE:MRU) Stock

Metro Inc. (TSE:MRUGet Free Report) insider Richard Pruneau sold 2,018 shares of Metro stock in a transaction on 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 in the company, valued at C$1,129,786.71. This represents a 13.96% decrease in their position.

Metro Price Performance

TSE MRU opened at C$90.39 on Friday. The stock has a market cap of C$19.27 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 4.06 and a beta of 0.11. Metro Inc. has a 12 month low of C$89.13 and a 12 month high of C$109.20. The company’s 50 day moving average is C$98.30 and its two-hundred day moving average is C$98.01. 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:MRUGet Free Report) last posted 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 return on equity of 13.80% and a net margin of 4.50%. As a group, research analysts anticipate that Metro Inc. will post 4.8188614 earnings per share for the current year.

Key Stories Impacting Metro

Here are the key news stories impacting Metro this week:

Analysts Set New Price Targets

A number of analysts recently weighed in on MRU shares. Desjardins reduced their price objective on shares of Metro from C$105.00 to C$99.00 and set a “hold” rating on the stock in a research report on Wednesday. Scotiabank dropped their price target on Metro from C$110.00 to C$103.00 and set an “outperform” rating on the stock in a research report on Wednesday. CIBC dropped their price objective on shares of Metro from C$105.00 to C$101.00 and set a “neutral” rating on the stock in a research note on Wednesday. National Bankshares decreased 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. Finally, TD Securities decreased their target price on shares of Metro from C$118.00 to C$113.00 and set a “buy” rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$106.25.

Read Our Latest Research Report on Metro

About Metro

(Get Free Report)

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.

Further Reading

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