Metro (TSE:MRU) Price Target Cut to C$99.00 by Analysts at Desjardins

Metro (TSE:MRU) had its target price lowered by research analysts at Desjardins from C$105.00 to C$99.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ target price suggests a potential upside of 8.54% from the stock’s current price.

Several other research analysts have also weighed in on the company. BMO Capital Markets dropped their target price on Metro from C$115.00 to C$110.00 in a research report on Monday, November 3rd. Scotiabank boosted their price target on Metro from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. TD Securities decreased their target price on Metro from C$118.00 to C$113.00 and set a “buy” rating for the company in a research report on Wednesday. National Bankshares decreased their price objective on shares of Metro from C$107.00 to C$106.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada upped their price target on Metro from C$112.00 to C$113.00 and gave the stock a “sector perform” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Metro currently has an average rating of “Hold” and an average price target of C$106.25.

Metro Stock Down 1.9%

TSE:MRU traded down C$1.72 during trading hours on Wednesday, hitting C$91.21. 454,399 shares of the stock traded hands, compared to its average volume of 458,201. The firm has a market cap of C$19.50 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 4.06 and a beta of 0.11. The firm has a 50 day moving average price of C$98.85 and a 200 day moving average price of C$98.27. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. Metro has a fifty-two week low of C$89.13 and a fifty-two week high of C$109.20.

Metro (TSE:MRU) last released its earnings results on Tuesday, January 27th. The company reported C$1.16 earnings per share for the quarter. The company 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%. Equities research analysts anticipate that Metro will post 4.8188614 earnings per share for the current year.

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.