In a report released today, Etienne Ricard from BMO Capital maintained a Buy rating on Metro Inc., with a price target of C$105.00.
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Etienne Ricard has given his Buy rating due to a combination of factors, balancing near-term headwinds with solid long-term fundamentals. He acknowledges pressure on earnings from weaker same-store volumes, a disruptive strike at the Laval distribution centre, and higher fuel costs, all of which weigh on Metro Inc.’s fiscal 2026 growth outlook.
However, Ricard highlights Metro Inc.’s consistent ability to compound adjusted EPS at an 8–10% rate over time and notes that the shares now trade near the low end of their historical earnings multiple range. Even after trimming his target price to $105 on more cautious volume and margin assumptions and a slightly lower multiple, he views the current 16x 2027E P/E as attractive versus both peers and the broader market, suggesting that much of the operational risk is already embedded in the valuation.
In another report released on April 8, TD Cowen also maintained a Buy rating on the stock with a C$113.00 price target.