Key Points
- Metro insider Richard Pruneau sold 2,018 shares at an average of C$90.87 on Jan. 29 for C$183,375.66, cutting his stake by 13.96% to 12,433 shares (valued at C$1,129,786.71).
- Several brokers trimmed price targets this week (TD C$113, BMO C$110, Scotiabank C$103, CIBC C$101, Desjardins C$99), leaving a MarketBeat consensus rating of "Hold" with an average target of C$106.25.
- Metro trades near C$90.39 with a market cap of C$19.27B and a PE of 19.52; last quarter EPS was C$1.16 on C$5.29B revenue, and the 52‑week range is C$89.13–C$109.20.
Metro Inc. (TSE:MRU - Get Free Report) insider Richard Pruneau sold 2,018 shares of the company's stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$90.87, for a total value of C$183,375.66. Following the transaction, the insider directly owned 12,433 shares of the company's stock, valued at C$1,129,786.71. This represents a 13.96% decrease in their ownership of the stock.
Metro Stock Down 0.0%
Shares of Metro stock opened at C$90.39 on Friday. The firm has a market cap of C$19.27 billion, a PE ratio of 19.52, a P/E/G ratio of 4.06 and a beta of 0.11. The business's 50 day simple moving average is C$98.30 and its 200 day simple moving average is C$98.05. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. Metro Inc. has a 52-week low of C$89.13 and a 52-week high of C$109.20.
Metro (TSE:MRU - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The company reported C$1.16 earnings per share for the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. The company had revenue of C$5.29 billion during the quarter. On average, analysts predict that Metro Inc. will post 4.8188614 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
MRU has been the topic of several analyst reports. BMO Capital Markets cut their price target on shares of Metro from C$115.00 to C$110.00 and set an "outperform" rating on the stock in a research report on Wednesday. CIBC dropped their target price on Metro from C$105.00 to C$101.00 and set a "neutral" rating on the stock in a report on Wednesday. Desjardins decreased their price target on Metro from C$105.00 to C$99.00 and set a "hold" rating for the company in a research note on Wednesday. Scotiabank lowered 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. Finally, TD Securities cut their price objective on Metro from C$118.00 to C$113.00 and set a "buy" rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Metro has a consensus rating of "Hold" and an average target price of C$106.25.
Check Out Our Latest Research Report on Metro
Key Stories Impacting Metro
Here are the key news stories impacting Metro this week:
- Positive Sentiment: Analysts and commentators highlight restored operations, dividend growth and valuation as reasons the pullback could be a buying opportunity, which may support the stock longer term. Metro Restores Operations As Dividend Growth And Valuation Draw Focus
- Positive Sentiment: Seeking Alpha calls the recent dip a repeat of last year’s buying opportunity, arguing valuation/earnings visibility could attract value-oriented investors. Metro: Repeats Last Year's Buying Opportunity
- Neutral Sentiment: Coverage assessing MRU’s valuation after recent share weakness provides context for longer-term expectations but does not offer a clear catalyst. Assessing Metro (TSX:MRU) Valuation After Recent Share Price Weakness
- Negative Sentiment: TD Securities cut its price target to C$113 — part of the near-term analyst downdraft pressuring the stock. TD Securities Cuts Metro (TSE:MRU) Price Target to C$113.00
- Negative Sentiment: BMO Capital Markets lowered its target to C$110, adding to sell-side downward revisions. BMO Capital Markets Cuts Metro (TSE:MRU) Price Target to C$110.00
- Negative Sentiment: Scotiabank trimmed its target to C$103, increasing analyst-driven selling pressure. Scotiabank Cuts Metro (TSE:MRU) Price Target to C$103.00
- Negative Sentiment: CIBC cut its price target to C$101, reinforcing the consensus of lower near-term estimates. CIBC Cuts Metro (TSE:MRU) Price Target to C$101.00
- Negative Sentiment: Desjardins lowered its target to C$99, the most conservative of the recent cuts and another immediate headwind. Desjardins Cuts Metro (TSE:MRU) Price Target to C$99.00
- Negative Sentiment: Two insiders sold shares last week (Geneviève Bich sold 4,418 shares at ~C$91.13; Richard Pruneau sold 2,018 shares at ~C$90.87), which can be interpreted as a near-term negative signal for sentiment.
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.
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