Insider Selling: Metro (TSE:MRU) Insider Sells 2,978 Shares of Stock

Metro Inc. (TSE:MRU) insider Dan Gabbard sold 2,978 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of C$96.67, for a total value of C$287,883.26. Following the completion of the sale, the insider owned 12,344 shares of the company’s stock, valued at C$1,193,294.48. The trade was a 19.44% decrease in their position.

Metro Stock Up 0.7%

Shares of TSE MRU traded up C$0.67 during mid-day trading on Monday, reaching C$97.31. The company had a trading volume of 389,685 shares, compared to its average volume of 538,741. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The company has a market capitalization of C$20.74 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 4.06 and a beta of 0.13. The stock has a fifty day moving average of C$97.36 and a two-hundred day moving average of C$97.27. Metro Inc. has a 12-month low of C$89.64 and a 12-month high of C$109.20.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MRU shares. Desjardins decreased their price objective 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, January 28th. Scotiabank lowered their price objective on shares of Metro from C$110.00 to C$103.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Canadian Imperial Bank of Commerce dropped their price objective on Metro from C$105.00 to C$101.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. National Bank Financial reduced their target price on Metro from C$107.00 to C$106.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Finally, TD Securities lowered their price target on Metro from C$118.00 to C$113.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.