Metro (TSE:MRU) Hits New 1-Year Low – Here’s Why

Metro Inc. (TSE:MRU) shares reached a new 52-week low on Monday . The company traded as low as C$87.00 and last traded at C$87.06, with a volume of 346116 shares changing hands. The stock had previously closed at C$88.05.

Analysts Set New Price Targets

MRU has been the subject of a number of research analyst reports. BMO Capital Markets cut shares of Metro from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from C$105.00 to C$95.00 in a research report on Monday, July 20th. TD upped their price target on shares of Metro from C$106.00 to C$108.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. TD Securities upgraded Metro to a “strong-buy” rating in a research note on Wednesday, July 29th. Desjardins reduced their price objective on Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada reduced their price objective on Metro from C$111.00 to C$110.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$102.33.

Metro Trading Down 0.3%

The business’s fifty day moving average is C$91.93 and its 200-day moving average is C$92.71. The company has a debt-to-equity ratio of 71.09, a quick ratio of 0.41 and a current ratio of 1.43. The firm has a market cap of C$18.33 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 4.06 and a beta of 0.18.

Metro (TSE:MRU) last posted its earnings results on Wednesday, August 12th. The company reported C$1.24 earnings per share for the quarter. Metro had a net margin of 4.00% and a return on equity of 12.87%. The firm had revenue of C$6.97 billion for the quarter. Analysts predict that Metro Inc. will post 4.8188614 EPS for the current year.

Metro Company Profile

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.