Metro (TSE:MRU) Reaches New 12-Month Low – Should You Sell?

Metro Inc. (TSE:MRU) shares hit a new 52-week low during trading on Monday . The stock traded as low as C$87.00 and last traded at C$87.06, with a volume of 346116 shares changing hands. The stock had previously closed at C$88.05.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. TD upped their target price on Metro from C$106.00 to C$108.00 and gave the stock a “buy” rating in a research note on Thursday. Scotia cut their price target on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada reduced their price objective on shares of Metro from C$111.00 to C$110.00 and set a “sector perform” rating for the company in a research report on Thursday. BMO Capital Markets downgraded shares of Metro from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$105.00 to C$95.00 in a report on Monday, July 20th. Finally, National Bank Financial dropped their target price on shares of Metro from C$105.00 to C$102.00 and set a “sector perform” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Metro has an average rating of “Hold” and a consensus target price of C$102.33.

Metro Price Performance

The company has a debt-to-equity ratio of 71.09, a current ratio of 1.43 and a quick ratio of 0.41. The stock has a 50 day moving average price of C$92.15 and a 200-day moving average price of C$92.77. The stock has a market capitalization of C$18.27 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 4.06 and a beta of 0.18.

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

Metro Company Profile

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.