Metro (TSE:MRU) Insider Paolo Bravi Sells 2,430 Shares

Metro Inc. (TSE:MRU) insider Paolo Bravi sold 2,430 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of C$91.46, for a total transaction of C$222,247.80. Following the sale, the insider directly owned 19,730 shares in the company, valued at approximately C$1,804,505.80. This trade represents a 10.97% decrease in their ownership of the stock.

Metro Stock Up 0.3%

Shares of MRU stock traded up C$0.29 on Friday, reaching C$95.96. 342,068 shares of the company’s stock traded hands, compared to its average volume of 538,181. The company has a market capitalization of C$20.45 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 4.06 and a beta of 0.13. Metro Inc. has a 12-month low of C$89.64 and a 12-month high of C$109.20. 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 business’s 50 day moving average price is C$97.85 and its two-hundred day moving average price is C$97.76.

Metro (TSE:MRU) last announced its quarterly earnings data 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 firm had revenue of C$5.29 billion during the quarter. On average, equities analysts forecast that Metro Inc. will post 4.8188614 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MRU shares. Royal Bank Of Canada increased their target price on shares of Metro from C$112.00 to C$113.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. TD Securities reduced their price objective on Metro from C$118.00 to C$113.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Desjardins dropped their target price on Metro from C$105.00 to C$99.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. National Bankshares lowered their price target 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, January 28th. Finally, Scotiabank dropped their price objective on Metro from C$110.00 to C$103.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Metro 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.