Metro (TSE:MRU) Given New C$97.00 Price Target at Desjardins

Metro (TSE:MRU) had its price target trimmed by Desjardins from C$99.00 to C$97.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other analysts have also recently commented on the stock. Scotiabank cut shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price target on the stock. in a research note on Thursday, April 9th. National Bank Financial dropped their price target on shares of Metro from C$106.00 to C$105.00 and set a “sector perform” rating on the stock in a research note on Thursday. Royal Bank Of Canada upped 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. Scotia dropped their price target on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$103.63.

Metro Stock Performance

Shares of MRU stock opened at C$89.88 on Thursday. The stock has a market capitalization of C$19.16 billion, a P/E ratio of 19.88, a PEG ratio of 4.06 and a beta of 0.34. The company has a current ratio of 1.42, a quick ratio of 0.41 and a debt-to-equity ratio of 69.33. The firm’s 50 day moving average is C$95.21 and its 200 day moving average is C$96.24. Metro has a 12 month low of C$89.30 and a 12 month high of C$109.20.

Metro (TSE:MRU) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.11 EPS for the quarter. The company had revenue of C$5.11 billion for the quarter. Metro had a net margin of 4.44% and a return on equity of 13.93%. On average, sell-side analysts anticipate that Metro will post 4.8188614 earnings per share for the current year.

Insider Activity

In related news, insider Paolo Bravi sold 2,430 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of C$91.46, for a total transaction of C$222,247.80. Following the sale, the insider owned 19,730 shares of the company’s stock, valued at approximately C$1,804,505.80. This represents a 10.97% decrease in their position. Also, insider Genevi�Ve Bich sold 4,418 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$91.13, for a total transaction of C$402,612.34. Following the sale, the insider directly owned 35,677 shares in the company, valued at C$3,251,245.01. This trade represents a 11.02% decrease in their position. Over the last quarter, insiders sold 11,844 shares of company stock worth $1,096,119. Insiders own 0.14% of the company’s stock.

Trending Headlines about Metro

Here are the key news stories impacting Metro this week:

• Positive Sentiment: Q2 results show underlying strength — Metro reported C$1.11 EPS on C$5.11 billion in revenue, with improved margins, buybacks and pharmacy growth highlighted as drivers of earnings quality. These fundamentals support medium‑term upside. Metro Q2 2026 Earnings Rise Press Release
• Neutral Sentiment: Market coverage noted the stock’s decline Wednesday — a factual recap of price action that reflects the market reaction but adds no new company‑level information. MarketWatch: Metro stock falls
• Negative Sentiment: Multiple analyst price‑target cuts pressured sentiment — CIBC (C$101→C$97, neutral), BMO (C$110→C$105, outperform), Scotia (C$103→C$96, sector perform), National Bank (C$106→C$105, sector perform) and Desjardins (C$99→C$97, hold) all trimmed targets. Even where ratings were unchanged, lower targets can prompt selling or reduce conviction near resistance levels. Analyst rating roundup Desjardins note

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.