CIBC Issues Pessimistic Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price target dropped by equities research analysts at CIBC from C$105.00 to C$101.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 10.73% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Desjardins dropped their price objective on Metro from C$105.00 to C$99.00 and set a “hold” rating for the company in a report on Wednesday. Scotiabank lowered their target price on Metro from C$110.00 to C$103.00 and set an “outperform” rating for the company in a report on Wednesday. TD Securities decreased their price target on shares of Metro from C$118.00 to C$113.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank Of Canada boosted their target price on 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. Finally, BMO Capital Markets decreased their price target on shares of Metro from C$115.00 to C$110.00 and set an “outperform” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$106.25.

Metro Stock Down 1.9%

TSE MRU traded down C$1.72 during mid-day trading on Wednesday, reaching C$91.21. The stock had a trading volume of 454,399 shares, compared to its average volume of 458,201. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The stock has a market cap of C$19.50 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11. The company has a fifty day moving average price of C$98.85 and a 200 day moving average price of C$98.27. Metro has a 1 year low of C$89.13 and a 1 year high of C$109.20.

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

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.