BMO Capital Markets Issues Pessimistic Forecast for Metro (TSE:MRU) Stock Price

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

A number of other equities analysts also recently issued reports on MRU. 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. National Bankshares reduced their target price 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. Royal Bank Of Canada increased 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 report on Friday, January 23rd. Desjardins lowered their price target on shares of Metro from C$105.00 to C$99.00 and set a “hold” rating for the company in a report on Wednesday. Finally, TD Securities lowered their price objective on Metro from C$118.00 to C$113.00 and set a “buy” 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$106.25.

Metro Price Performance

TSE:MRU traded down C$1.72 during mid-day trading on Wednesday, reaching C$91.21. 454,399 shares of the company were exchanged, compared to its average volume of 458,201. The company has a fifty day moving average of C$98.85 and a 200 day 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 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 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 posted its earnings results 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 during the quarter. Metro had a return on equity of 13.80% and a net margin of 4.50%. On average, research analysts anticipate that Metro will post 4.8188614 EPS for the current fiscal 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.