Metro (TSE:MRU) Insider Richard Pruneau Sells 2,018 Shares

Metro Inc. (TSE:MRU) insider Richard Pruneau sold 2,018 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$90.87, for a total transaction of C$183,375.66. Following the completion of the sale, the insider directly owned 12,433 shares of the company’s stock, valued at approximately C$1,129,786.71. The trade was a 13.96% decrease in their position.

Metro Trading Down 0.5%

TSE MRU traded down C$0.42 on Friday, reaching C$89.99. 348,075 shares of the company were exchanged, compared to its average volume of 479,374. The stock has a market capitalization of C$19.18 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11. 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 business’s fifty day moving average price is C$98.49 and its 200 day moving average price is C$98.16. Metro Inc. 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 quarterly earnings results on Tuesday, January 27th. The company reported C$1.16 EPS for the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%.The business had revenue of C$5.29 billion during the quarter. Analysts forecast that Metro Inc. will post 4.8188614 earnings per share for the current year.

Analyst Ratings Changes

MRU has been the topic of a number of recent research reports. Scotiabank dropped their price objective 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. National Bankshares reduced their price objective on Metro from C$107.00 to C$106.00 and set a “sector perform” rating for the company in a research note on Wednesday. Desjardins lowered their target price on Metro from C$105.00 to C$99.00 and set a “hold” rating on the stock in a research note on Wednesday. BMO Capital Markets dropped their target price on Metro from C$115.00 to C$110.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, CIBC decreased their price target on Metro from C$105.00 to C$101.00 and set a “neutral” rating for the company in a report on Wednesday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$106.25.

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.