Metro (TSE:MRU) Insider Sells C$287,883.26 in Stock

Metro Inc. (TSE:MRU) insider Dan Gabbard sold 2,978 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of C$96.67, for a total transaction of C$287,883.26. Following the completion of the sale, the insider owned 12,344 shares in the company, valued at approximately C$1,193,294.48. The trade was a 19.44% decrease in their position.

Metro Trading Up 0.1%

Shares of Metro stock opened at C$98.28 on Thursday. Metro Inc. has a twelve month low of C$89.64 and a twelve month high of C$109.20. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. The business has a 50-day moving average price of C$97.27 and a 200-day moving average price of C$97.17. The firm has a market cap of C$20.95 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 4.06 and a beta of 0.13.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MRU shares. Scotiabank reduced their price target on shares of Metro from C$110.00 to C$103.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. National Bank Financial decreased their target price on shares of 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. TD Securities dropped their price target on Metro from C$118.00 to C$113.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. BMO Capital Markets reduced their price objective on Metro from C$115.00 to C$110.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Finally, Canadian Imperial Bank of Commerce lowered their price objective on Metro from C$105.00 to C$101.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.