TD Securities Issues Pessimistic Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price target lowered by equities researchers at TD Securities from C$118.00 to C$113.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 23.89% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Metro from C$115.00 to C$110.00 in a report on Monday, November 3rd. National Bankshares lowered their price objective on Metro from C$107.00 to C$106.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Metro from C$112.00 to C$113.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Scotiabank raised their price objective on shares of Metro from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Desjardins set a C$105.00 target price on shares of Metro and gave the company a “hold” rating in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Metro has a consensus rating of “Hold” and a consensus price target of C$106.25.

Metro Price Performance

Shares of MRU stock traded down C$1.72 during midday trading on Wednesday, reaching C$91.21. 454,399 shares of the company were exchanged, compared to its average volume of 458,201. Metro has a 12 month low of C$89.13 and a 12 month high of C$109.20. The company has a market cap of C$19.50 billion, a P/E ratio of 19.70, a PEG ratio of 4.06 and a beta of 0.11. The company’s 50 day moving average price is C$98.85 and its two-hundred day moving average price is C$98.27. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35.

Metro (TSE:MRU) last issued its quarterly earnings results on Tuesday, January 27th. The company reported C$1.16 earnings per share for the quarter. The firm 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%. On average, sell-side analysts expect that Metro will post 4.8188614 earnings per share for the current year.

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.