Metro (TSE:MRU) Insider Simon Rivet Sells 2,650 Shares of Stock

Metro Inc. (TSE:MRU) insider Simon Rivet sold 2,650 shares of Metro stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$89.35, for a total transaction of C$236,777.50. Following the transaction, the insider directly owned 20,225 shares in the company, valued at approximately C$1,807,103.75. This trade represents a 11.58% decrease in their ownership of the stock.

Metro Price Performance

MRU opened at C$90.15 on Thursday. Metro Inc. has a 52-week low of C$86.63 and a 52-week high of C$101.30. The company has a 50 day moving average of C$91.02 and a two-hundred day moving average of C$92.06. The company has a market cap of C$18.87 billion, a P/E ratio of 21.41, a P/E/G ratio of 4.06 and a beta of 0.11. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 71.09.

Metro (TSE:MRU) last issued its earnings results on Wednesday, August 12th. The company reported C$1.24 EPS for the quarter. The business had revenue of C$6.97 billion for the quarter. Metro had a net margin of 4.00% and a return on equity of 12.87%. On average, analysts expect that Metro Inc. will post 4.8188614 earnings per share for the current year.

Metro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 22nd will be given a $0.4075 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.63 annualized dividend and a yield of 1.8%. Metro’s dividend payout ratio (DPR) is 36.94%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank Of Canada reduced their price objective on Metro from C$111.00 to C$110.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 13th. BMO Capital Markets lowered Metro from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$105.00 to C$95.00 in a research note on Monday, July 20th. National Bank Financial dropped their target price on 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. TD Securities raised Metro to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, TD upped their price target on Metro from C$106.00 to C$108.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Metro presently has a consensus rating of “Hold” and an average target price of C$102.33.

About Metro

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.