National Bankshares Cuts Metro (TSE:MRU) Price Target to C$106.00

Metro (TSE:MRU) had its price target reduced by National Bankshares from C$107.00 to C$106.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts have also weighed in on the company. BMO Capital Markets decreased their target price on Metro from C$115.00 to C$110.00 in a research report on Monday, November 3rd. Scotiabank lifted their price objective on shares of Metro from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Desjardins set a C$105.00 target price on Metro and gave the stock a “hold” rating in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada boosted their target price on shares of Metro from C$112.00 to C$113.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$106.25.

Metro Trading Down 0.0%

MRU opened at C$90.39 on Wednesday. The stock’s 50 day moving average price is C$98.30 and its 200-day moving average price is C$98.05. Metro has a one year low of C$89.13 and a one year high of C$109.20. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The stock has a market cap of C$19.27 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 4.06 and a beta of 0.11.

Metro (TSE:MRU) last released its earnings results on Tuesday, January 27th. The company reported C$1.16 earnings per share 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%. On average, equities analysts forecast that Metro will post 4.8188614 EPS for the current year.

Insider Transactions at Metro

In related news, insider Richard Pruneau sold 2,018 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were 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 owned 12,433 shares of the company’s stock, valued at approximately C$1,129,786.71. The trade was a 13.96% decrease in their position. Also, insider Genevi�Ve Bich sold 4,418 shares of Metro stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$91.13, for a total transaction of C$402,612.34. Following the completion of the sale, the insider owned 35,677 shares in the company, valued at approximately C$3,251,245.01. This trade represents a 11.02% decrease in their position. 0.14% of the stock is owned by company insiders.

Metro Company Profile

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.