TD Securities Has Lowered Expectations for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its target price dropped by investment analysts at TD Securities from C$118.00 to C$113.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 23.89% from the stock’s current price.

MRU has been the subject of a number of other reports. Scotiabank boosted their target price on shares of Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Desjardins set a C$105.00 target price on Metro and gave the company a “hold” rating in a research report on Thursday, November 20th. National Bankshares cut their price target on shares of Metro from C$107.00 to C$106.00 and set a “sector perform” rating on the stock in a report on Wednesday. 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. Finally, Royal Bank Of Canada increased their price objective 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, January 23rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$106.25.

Metro Price Performance

TSE MRU traded down C$1.72 during trading on Wednesday, hitting C$91.21. 454,399 shares of the stock traded hands, compared to its average volume of 458,201. The firm has a 50-day simple moving average of C$98.85 and a 200-day simple moving average of C$98.27. Metro has a 12-month low of C$89.13 and a 12-month high of C$109.20. The company has a market capitalization of C$19.50 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29.

Metro (TSE:MRU) last issued its quarterly earnings data on Tuesday, January 27th. The company reported C$1.16 earnings per share (EPS) for the quarter. The business had revenue of C$5.29 billion for the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%. As a group, analysts predict 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.