Key Points
- Insider sale: Dan Gabbard sold 2,978 Metro shares at C$96.67 on Feb. 13 for C$287,883.26, cutting his ownership by 19.44% to 12,344 shares (valued ~C$1.19M).
- Analyst view: Metro has a consensus rating of "Hold" with an average price target of C$106.25 after several recent target cuts (BMO, CIBC, Scotiabank, National Bank) while RBC nudged its target higher to C$113.
- Company snapshot: Metro reported quarterly EPS of C$1.16 and revenue of C$5.29B, has a market cap of C$20.74B and the stock is trading around C$97 within a 1‑year range of C$89.64–C$109.20.
Metro Inc. (TSE:MRU - Get Free Report) insider Dan Gabbard sold 2,978 shares of Metro stock in a transaction that occurred on 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 sale, the insider directly owned 12,344 shares in the company, valued at C$1,193,294.48. The trade was a 19.44% decrease in their ownership of the stock.
Metro Trading Up 0.7%
Shares of MRU opened at C$97.31 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The stock has a market cap of C$20.74 billion, a PE ratio of 21.53, a PEG ratio of 4.06 and a beta of 0.13. Metro Inc. has a 1 year low of C$89.64 and a 1 year high of C$109.20. The stock has a 50 day simple moving average of C$97.31 and a 200-day simple moving average of C$97.21.
Metro (TSE:MRU - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported C$1.16 EPS for the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%.The business had revenue of C$5.29 billion for the quarter. On average, sell-side analysts predict that Metro Inc. will post 4.8188614 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on MRU shares. BMO Capital Markets dropped their target price on shares of Metro from C$115.00 to C$110.00 and set an "outperform" rating for the company in a research report on Wednesday, January 28th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Metro from C$105.00 to C$101.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 28th. Scotiabank cut their target price on shares of Metro from C$110.00 to C$103.00 and set an "outperform" rating for the company in a research note on Wednesday, January 28th. National Bank Financial decreased their price target on Metro from C$107.00 to C$106.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada raised their price target on Metro from C$112.00 to C$113.00 and gave the company a "sector perform" rating in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Metro has a consensus rating of "Hold" and an average price target of C$106.25.
Check Out Our Latest Analysis on MRU
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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