Metro (TSE:MRU) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of Metro Inc. (TSE:MRU) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$92.67 and traded as low as C$89.02. Metro shares last traded at C$90.21, with a volume of 271,625 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MRU shares. National Bank Financial decreased their price target on Metro from C$105.00 to C$102.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 13th. BMO Capital Markets lowered shares of Metro from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$105.00 to C$95.00 in a research report on Monday, July 20th. Royal Bank Of Canada lowered their price target on shares of Metro from C$111.00 to C$110.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 13th. TD Securities upgraded shares of Metro to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, TD boosted their price objective on shares of Metro from C$106.00 to C$108.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Metro currently has an average rating of “Hold” and a consensus target price of C$102.33.

Metro Stock Performance

The firm has a fifty day moving average of C$91.57 and a 200-day moving average of C$92.63. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 71.09. The stock has a market capitalization of C$18.88 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 4.06 and a beta of 0.18.

Metro (TSE:MRU) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$1.24 earnings per share for the quarter. The business had revenue of C$6.97 billion during the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%. As a group, sell-side analysts anticipate that Metro Inc. will post 4.8188614 EPS for the current year.

About Metro

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.