Metro (TSE:MRU) Insider Dan Gabbard Sells 2,978 Shares

Metro Inc. (TSE:MRU) insider Dan Gabbard sold 2,978 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of C$96.67, for a total transaction of C$287,883.26. Following the completion of the transaction, the insider directly owned 12,344 shares of the company’s stock, valued at approximately C$1,193,294.48. The trade was a 19.44% decrease in their position.

Metro Price Performance

Shares of TSE MRU traded up C$0.67 during midday trading on Monday, reaching C$97.31. 389,685 shares of the company were exchanged, compared to its average volume of 538,741. The stock’s 50-day moving average price is C$97.36 and its 200-day moving average price is C$97.27. The stock has a market cap of C$20.74 billion, a P/E ratio of 21.53, a PEG ratio of 4.06 and a beta of 0.13. 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 Inc. has a one year low of C$89.64 and a one year high of C$109.20.

Metro (TSE:MRU) last announced its quarterly earnings results on Tuesday, January 27th. The company reported C$1.16 EPS for the quarter. The company had revenue of C$5.29 billion during the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%. On average, sell-side analysts anticipate that Metro Inc. will post 4.8188614 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target 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 lowered their price objective on Metro from C$110.00 to C$103.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. BMO Capital Markets reduced their target price on Metro from C$115.00 to C$110.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Desjardins dropped their price target on shares of Metro from C$105.00 to C$99.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Finally, National Bank Financial decreased their price objective on shares of Metro from C$107.00 to C$106.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$106.25.

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.