Genevi�Ve Bich Sells 4,418 Shares of Metro (TSE:MRU) Stock

Metro Inc. (TSE:MRU) insider Genevi�Ve Bich sold 4,418 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$91.13, for a total value of C$402,612.34. Following the completion of the sale, the insider directly owned 35,677 shares in the company, valued at approximately C$3,251,245.01. This represents a 11.02% decrease in their ownership of the stock.

Metro Stock Down 0.5%

Metro stock traded down C$0.42 during mid-day trading on Friday, reaching C$89.99. The stock had a trading volume of 348,075 shares, compared to its average volume of 479,374. Metro Inc. has a one year low of C$89.13 and a one year high of C$109.20. The company has a 50-day moving average price of C$98.49 and a two-hundred day moving average price of C$98.16. The company has a market capitalization of C$19.18 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 4.06 and a beta of 0.11. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41.

Metro (TSE:MRU) last posted its quarterly earnings results on Tuesday, January 27th. The company reported C$1.16 EPS for the quarter. The firm had revenue of C$5.29 billion for the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. On average, analysts expect that Metro Inc. will post 4.8188614 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MRU. CIBC reduced their target price on shares of Metro from C$105.00 to C$101.00 and set a “neutral” rating for the company in a report on Wednesday. Desjardins dropped their target price on shares of Metro from C$105.00 to C$99.00 and set a “hold” rating for the company in a report on Wednesday. Scotiabank cut their target price on Metro from C$110.00 to C$103.00 and set an “outperform” rating for the company in a research report on Wednesday. BMO Capital Markets dropped their price target on Metro from C$115.00 to C$110.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, TD Securities reduced their price objective on shares of Metro from C$118.00 to C$113.00 and set a “buy” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$106.25.

Metro Company Profile

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.