Genevi�Ve Bich Sells 4,418 Shares of Metro (TSE:MRU) Stock

Metro Inc. (TSE:MRU) insider Genevi�Ve Bich sold 4,418 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$91.13, for a total transaction of C$402,612.34. Following the sale, the insider owned 35,677 shares of the company’s stock, valued at approximately C$3,251,245.01. The trade was a 11.02% decrease in their ownership of the stock.

Metro Trading Down 0.5%

MRU stock traded down C$0.42 during trading on Friday, reaching C$89.99. 348,075 shares of the stock were exchanged, compared to its average volume of 479,374. Metro Inc. has a 1 year low of C$89.13 and a 1 year high of C$109.20. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The firm has a market capitalization of C$19.18 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 4.06 and a beta of 0.11. The business has a 50 day moving average price of C$98.49 and a 200-day moving average price of C$98.16.

Metro (TSE:MRU) last released its quarterly earnings results on Tuesday, January 27th. The company reported C$1.16 earnings per share for the quarter. The business had revenue of C$5.29 billion during the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%. On average, research analysts predict that Metro Inc. will post 4.8188614 earnings per share for the current year.

Wall Street Analyst Weigh In

MRU has been the topic of a number of research analyst reports. 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 note on Wednesday. Desjardins dropped their target price on shares of Metro from C$105.00 to C$99.00 and set a “hold” rating for the company in a report on Wednesday. TD Securities decreased their price target on Metro from C$118.00 to C$113.00 and set a “buy” rating on the stock in a research note on Wednesday. CIBC lowered their price target on Metro from C$105.00 to C$101.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada boosted their price objective on Metro from C$112.00 to C$113.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Metro presently has a consensus rating of “Hold” and an average price target 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.