Metro Inc. (TSE:MRU – Get Free Report) insider Simon Rivet sold 2,650 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$89.35, for a total transaction of C$236,777.50. Following the transaction, the insider owned 20,225 shares of the company’s stock, valued at approximately C$1,807,103.75. This trade represents a 11.58% decrease in their position.
Metro Stock Performance
Shares of MRU stock remained flat at C$90.10 during trading hours on Wednesday. The stock had a trading volume of 273,910 shares, compared to its average volume of 536,508. Metro Inc. has a 1-year low of C$86.63 and a 1-year high of C$101.30. The business’s fifty day moving average price is C$91.03 and its 200 day moving average price is C$92.12. The company has a current ratio of 1.43, a quick ratio of 0.41 and a debt-to-equity ratio of 71.09. The stock has a market cap of C$18.85 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11.
Metro (TSE:MRU – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$1.24 earnings per share for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%.The firm had revenue of C$6.97 billion for the quarter. Equities analysts anticipate that Metro Inc. will post 4.8188614 EPS for the current year.
Metro Dividend Announcement
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. TD lifted their target price on shares of Metro from C$106.00 to C$108.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. National Bank Financial decreased their price target on shares of Metro from C$105.00 to C$102.00 and set a “sector perform” rating for the company in a report on Thursday, August 13th. BMO Capital Markets lowered shares of Metro from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$105.00 to C$95.00 in a report on Monday, July 20th. TD Securities raised Metro to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reduced their target price on Metro from C$111.00 to C$110.00 and set a “sector perform” rating for the company in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$102.33.
Check Out Our Latest Research Report on Metro
About Metro
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.
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