Metro (TSE:MRU) Price Target Cut to C$105.00 by Analysts at National Bank Financial

Metro (TSE:MRU) had its target price decreased by research analysts at National Bank Financial from C$106.00 to C$105.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 16.65% from the stock’s previous close.

MRU has been the topic of several other reports. Royal Bank Of Canada boosted their price target on Metro from C$112.00 to C$113.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Desjardins lowered their price target on Metro from C$105.00 to C$99.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Scotiabank lowered Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price target on the stock. in a research note on Thursday, April 9th. BMO Capital Markets lowered their price target on Metro from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, TD Securities lowered their price target on Metro from C$118.00 to C$113.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$103.63.

Metro Stock Performance

Shares of Metro stock traded down C$0.34 during trading on Thursday, reaching C$90.01. The company’s stock had a trading volume of 241,381 shares, compared to its average volume of 529,125. The company has a debt-to-equity ratio of 69.33, a quick ratio of 0.41 and a current ratio of 1.42. The business’s fifty day moving average price is C$95.34 and its 200-day moving average price is C$96.29. The firm has a market cap of C$19.19 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 4.06 and a beta of 0.34. Metro has a one year low of C$89.30 and a one year high of C$109.20.

Metro (TSE:MRU) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported C$1.11 EPS for the quarter. The business had revenue of C$5.11 billion for the quarter. Metro had a return on equity of 13.93% and a net margin of 4.44%. As a group, equities research analysts predict that Metro will post 4.8188614 earnings per share for the current year.

Insider Transactions at Metro

In related news, insider Genevi�Ve Bich sold 4,418 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$91.13, for a total transaction of C$402,612.34. Following the transaction, the insider directly owned 35,677 shares in the company, valued at C$3,251,245.01. The trade was a 11.02% decrease in their ownership of the stock. Also, insider Dan Gabbard sold 2,978 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of C$96.67, for a total value of C$287,883.26. Following the transaction, the insider owned 12,344 shares in the company, valued at C$1,193,294.48. This represents a 19.44% decrease in their ownership of the stock. Over the last three months, insiders have sold 11,844 shares of company stock valued at $1,096,119. 0.14% of the stock is currently 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.