Metro (TSE:MRU) Rating Lowered to “Hold” at BMO Capital Markets

Metro (TSE:MRU) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “hold” rating in a research note issued on Monday, MarketBeat reports. They currently have a C$95.00 price target on the stock, down from their prior price target of C$105.00. BMO Capital Markets’ target price would indicate a potential upside of 2.51% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Desjardins reduced their price target on Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. National Bank Financial set a C$105.00 price objective on Metro and gave the stock a “sector perform” rating in a report on Tuesday, June 30th. Scotiabank lowered Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price objective on the stock. in a research report on Thursday, April 9th. Canadian Imperial Bank of Commerce cut their price objective on Metro from C$101.00 to C$97.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Scotia reduced their target price on Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$102.38.

Metro Trading Up 0.4%

Shares of MRU opened at C$92.67 on Monday. The stock has a market capitalization of C$19.55 billion, a P/E ratio of 19.76, a PEG ratio of 4.06 and a beta of 0.16. 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 firm has a fifty day simple moving average of C$91.16 and a two-hundred day simple moving average of C$93.63. Metro has a twelve month low of C$86.63 and a twelve month high of C$107.78.

Metro (TSE:MRU) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.11 earnings per share (EPS) for the quarter. Metro had a net margin of 4.52% and a return on equity of 14.38%. The business had revenue of C$5.11 billion for the quarter. On average, research analysts anticipate that Metro will post 4.8188614 EPS for the current year.

Metro Company Profile

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.