Metro (TSE:MRU) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Metro shares fell below their 200-day moving average of C$92.67, reaching C$89.02 before last trading at C$90.21 on volume of 271,625 shares.
• Analyst sentiment is mostly neutral: seven analysts rate the stock “Hold,” while one each rate it “Strong Buy” and “Buy.” The consensus price target is C$102.33.
• Metro reported quarterly EPS of C$1.24 and revenue of C$6.97 billion, with a 4.00% net margin and 12.87% return on equity.

Metro Inc. (TSE:MRU - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$92.67 and traded as low as C$89.02. Metro shares last traded at C$90.21, with a volume of 271,625 shares traded.

Analyst Ratings Changes

MRU has been the topic of several recent research reports. TD raised their target price on shares of Metro from C$106.00 to C$108.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Royal Bank Of Canada reduced their price objective on shares of Metro from C$111.00 to C$110.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 13th. TD Securities raised shares of Metro to a "strong-buy" rating in a report on Wednesday, July 29th. BMO Capital Markets cut shares of Metro from an "outperform" rating to a "hold" rating and dropped their target price for the company from C$105.00 to C$95.00 in a research report on Monday, July 20th. Finally, National Bank Financial cut their price target on Metro from C$105.00 to C$102.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Metro currently has a consensus rating of "Hold" and a consensus price target of C$102.33.

Metro Stock Performance

The stock has a market cap of C$18.88 billion, a P/E ratio of 21.43, a PEG ratio of 4.06 and a beta of 0.18. The stock has a fifty day simple moving average of C$91.63 and a 200-day simple moving average of C$92.67. The company has a quick ratio of 0.41, a current ratio of 1.43 and a debt-to-equity ratio of 71.09.

Metro (TSE:MRU - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$1.24 EPS for the quarter. Metro had a return on equity of 12.87% and a net margin of 4.00%.The company had revenue of C$6.97 billion during the quarter. Equities analysts expect that Metro Inc. will post 4.8188614 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source