BMO Capital Markets Cuts Metro (TSE:MRU) Price Target to C$110.00

Metro (TSE:MRU) had its price objective reduced by investment analysts at BMO Capital Markets from C$115.00 to C$110.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 20.60% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Scotiabank reduced their price objective on Metro from C$110.00 to C$103.00 and set an “outperform” rating for the company in a research note on Wednesday. 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 research note on Wednesday. TD Securities decreased their price objective on Metro from C$118.00 to C$113.00 and set a “buy” rating on the stock in a research report on Wednesday. Royal Bank Of Canada boosted their target price on 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. Finally, Desjardins decreased their target price on shares of Metro from C$105.00 to C$99.00 and set a “hold” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Metro has an average rating of “Hold” and a consensus price target of C$106.25.

Metro Price Performance

TSE MRU traded down C$1.72 during trading hours on Wednesday, reaching C$91.21. The company’s stock had a trading volume of 454,399 shares, compared to its average volume of 458,201. Metro has a fifty-two week low of C$89.13 and a fifty-two week high of C$109.20. The stock has a market cap of C$19.50 billion, a PE ratio of 19.70, a PEG ratio of 4.06 and a beta of 0.11. The company’s 50-day moving average is C$98.85 and its two-hundred day moving average is C$98.27. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35.

Metro (TSE:MRU) last announced its quarterly earnings data 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 net margin of 4.50% and a return on equity of 13.80%. Analysts forecast 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.