Metro Inc. (TSE:MRU) Given Average Recommendation of “Moderate Buy” by Brokerages

by · The Markets Daily

Metro Inc. (TSE:MRU – Get Free Report) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$109.25.

Several research analysts recently commented on MRU shares. Royal Bank Of Canada lifted their price target on shares of Metro from C$112.00 to C$113.00 and gave the stock a “sector perform” rating in a research note on Friday. BMO Capital Markets dropped their target price on shares of Metro from C$115.00 to C$110.00 in a research report on Monday, November 3rd. Scotiabank increased their price target 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. Desjardins set a C$105.00 price target on Metro and gave the stock a “hold” rating in a research note on Thursday, November 20th. Finally, National Bankshares set a C$107.00 target price on shares of Metro and gave the company an “outperform” rating in a research note on Monday.

Check Out Our Latest Analysis on Metro

Metro Trading Up 0.0%

Shares of Metro stock traded up C$0.02 during mid-day trading on Friday, hitting C$99.54. 226,334 shares of the stock were exchanged, compared to its average volume of 355,368. The stock 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. Metro has a twelve month low of C$87.76 and a twelve month high of C$109.20. The company has a 50-day simple moving average of C$98.94 and a 200 day simple moving average of C$98.55.

Metro (TSE:MRU – Get Free Report) last announced its quarterly earnings data on Wednesday, November 19th. The company reported C$1.13 earnings per share for the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. The business had revenue of C$5.11 billion for the quarter. Research analysts forecast that Metro will post 4.8188614 EPS for the current year.

Metro Company Profile

(Get Free Report)

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.

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