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

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

Metro Stock Performance

Shares of TSE:MRU traded up C$0.29 during trading 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 stock 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 50 day moving average of C$97.85 and a 200-day moving average of C$97.76. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank Of Canada boosted their target price 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 cut their price target 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. Canadian Imperial Bank of Commerce decreased their price objective on Metro from C$105.00 to C$101.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Desjardins cut 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, January 28th. Finally, BMO Capital Markets reduced their price target on Metro from C$115.00 to C$110.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Metro has a consensus rating of “Hold” and a consensus target price 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.