Metro Inc. (TSE:MRU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Metro Inc. (TSE:MRU) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$109.25.

MRU has been the topic of several analyst reports. Scotiabank lifted their target price on shares of Metro from C$108.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. National Bankshares set a C$107.00 price objective on shares of Metro and gave the stock an “outperform” rating in a research note on Monday. Desjardins set a C$105.00 price objective on shares of Metro and gave the stock a “hold” rating in a research report on Thursday, November 20th. BMO Capital Markets reduced their target price on Metro from C$115.00 to C$110.00 in a report on Monday, November 3rd. Finally, Royal Bank Of Canada raised their target price on Metro from C$112.00 to C$113.00 and gave the stock a “sector perform” rating in a research report on Friday.

Metro Trading Up 0.0%

Shares of Metro stock traded up C$0.02 on Friday, reaching C$99.54. 226,334 shares of the company were exchanged, compared to its average volume of 355,368. Metro has a fifty-two week low of C$87.76 and a fifty-two week high of C$109.20. The firm has a market capitalization of C$21.28 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The stock has a fifty day moving average price of C$98.94 and a 200-day moving average price of C$98.55.

Metro (TSE:MRU) last issued its quarterly earnings results on Wednesday, November 19th. The company reported C$1.13 earnings per share for the quarter. The firm had revenue of C$5.11 billion for the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%. On average, analysts expect that Metro will post 4.8188614 EPS for the current year.

Metro Company Profile

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.