Metro (TSE:MRU) Price Target Cut to C$96.00 by Analysts at Scotia

Metro (TSE:MRU) had its target price decreased by Scotia from C$103.00 to C$96.00 in a research note released on Thursday morning,BayStreet.CA reports. Scotia currently has a sector perform rating on the stock.

MRU has been the topic of several other research reports. Scotiabank lowered shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 target price on the stock. in a report on Thursday, April 9th. Desjardins dropped their target price on shares of Metro from C$105.00 to C$99.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. BMO Capital Markets dropped their target price on shares of Metro from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank Of Canada boosted their target price on shares of Metro from C$112.00 to C$113.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. Finally, TD Securities dropped their target price on shares of Metro from C$118.00 to C$113.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$103.63.

Metro Price Performance

MRU stock opened at C$89.88 on Thursday. The firm has a market cap of C$19.16 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 4.06 and a beta of 0.34. The company has a quick ratio of 0.41, a current ratio of 1.42 and a debt-to-equity ratio of 69.33. Metro has a 12-month low of C$89.30 and a 12-month high of C$109.20. The company’s fifty day simple moving average is C$95.21 and its 200 day simple moving average is C$96.24.

Metro (TSE:MRU) last released its earnings results on Wednesday, April 22nd. The company reported C$1.11 earnings per share (EPS) for the quarter. The business had revenue of C$5.11 billion for the quarter. Metro had a net margin of 4.44% and a return on equity of 13.93%. On average, analysts expect that Metro will post 4.8188614 earnings per share for the current year.

Insider Activity at Metro

In other Metro news, insider Dan Gabbard sold 2,978 shares of Metro stock in a transaction 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 completion of the sale, the insider directly owned 12,344 shares of the company’s stock, valued at approximately C$1,193,294.48. The trade was a 19.44% decrease in their ownership of the stock. Also, insider Paolo Bravi sold 2,430 shares of Metro stock in a transaction on Monday, February 2nd. The shares were sold at an average price of C$91.46, for a total transaction of C$222,247.80. Following the completion of the sale, the insider directly owned 19,730 shares of the company’s stock, valued at approximately C$1,804,505.80. This trade represents a 10.97% decrease in their ownership of the stock. In the last ninety days, insiders sold 11,844 shares of company stock valued at $1,096,119. 0.14% of the stock is currently owned by company insiders.

Trending Headlines about Metro

Here are the key news stories impacting Metro this week:

• Positive Sentiment: Q2 results show underlying strength — Metro reported C$1.11 EPS on C$5.11 billion in revenue, with improved margins, buybacks and pharmacy growth highlighted as drivers of earnings quality. These fundamentals support medium‑term upside. Metro Q2 2026 Earnings Rise Press Release
• Neutral Sentiment: Market coverage noted the stock’s decline Wednesday — a factual recap of price action that reflects the market reaction but adds no new company‑level information. MarketWatch: Metro stock falls
• Negative Sentiment: Multiple analyst price‑target cuts pressured sentiment — CIBC (C$101→C$97, neutral), BMO (C$110→C$105, outperform), Scotia (C$103→C$96, sector perform), National Bank (C$106→C$105, sector perform) and Desjardins (C$99→C$97, hold) all trimmed targets. Even where ratings were unchanged, lower targets can prompt selling or reduce conviction near resistance levels. Analyst rating roundup Desjardins note

About Metro

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.