Metro (TSE:MRU) Price Target Lowered to C$99.00 at Desjardins

Metro (TSE:MRU) had its price target cut by analysts at Desjardins from C$105.00 to C$99.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price target would suggest a potential upside of 8.54% from the stock’s previous close.

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

Metro Stock Down 1.9%

Metro stock traded down C$1.72 during mid-day trading on Wednesday, reaching C$91.21. 454,399 shares of the company’s stock were exchanged, compared to its average volume of 458,201. The company has a market cap of C$19.50 billion, a P/E ratio of 19.70, a P/E/G ratio of 4.06 and a beta of 0.11. The company has a fifty day moving average of C$98.85 and a 200-day moving average of C$98.27. Metro has a twelve month low of C$89.13 and a twelve month high of C$109.20. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29.

Metro (TSE:MRU) last announced its quarterly earnings results on Tuesday, January 27th. The company reported C$1.16 earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts expect that Metro will post 4.8188614 EPS for the current year.

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.