Metro Inc. (TSE:MRU - Get Free Report) insider Alain Tadros sold 960 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of C$90.27, for a total value of C$86,659.20. Following the sale, the insider owned 5,952 shares in the company, valued at C$537,287.04. The trade was a 13.89% decrease in their position.
Metro Trading Up 0.1%
Shares of MRU stock opened at C$90.10 on Wednesday. The business has a 50-day moving average price of C$91.03 and a two-hundred day moving average price of C$92.12. Metro Inc. has a 12-month low of C$86.63 and a 12-month high of C$101.30. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 71.09. The firm 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 quarterly earnings data on Wednesday, August 12th. The company reported C$1.24 EPS for the quarter. The firm had revenue of C$6.97 billion for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%. Equities analysts anticipate that Metro Inc. will post 4.8188614 EPS for the current fiscal year.
Metro Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, September 3rd. Metro's dividend payout ratio (DPR) is presently 36.94%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. TD Securities upgraded shares of Metro to a "strong-buy" rating in a report on Wednesday, July 29th. National Bank Financial reduced their target price on shares of Metro from C$105.00 to C$102.00 and set a "sector perform" rating on the stock in a report on Thursday, August 13th. Royal Bank Of Canada decreased their target price on shares of Metro from C$111.00 to C$110.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 13th. TD boosted their price target 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. Finally, BMO Capital Markets lowered shares of Metro from an "outperform" rating to a "hold" rating and cut their price target for the company from C$105.00 to C$95.00 in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$102.33.
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Metro Company Profile
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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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