Shares of Metro Inc. (TSE:MRU – Get Rating) have earned an average rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$72.11.
A number of research firms recently weighed in on MRU. Scotiabank boosted their target price on Metro from C$76.00 to C$78.00 in a research report on Monday, August 29th. CIBC dropped their target price on Metro from C$73.00 to C$71.00 and set a “neutral” rating for the company in a research report on Thursday, August 11th. Desjardins boosted their target price on Metro from C$70.00 to C$73.00 in a research report on Thursday, August 11th. Finally, National Bankshares boosted their target price on Metro from C$74.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Friday, July 29th.
Metro Stock Down 0.3 %
Shares of TSE MRU opened at C$70.34 on Thursday. The business has a 50-day moving average of C$70.73 and a 200-day moving average of C$70.18. The firm has a market capitalization of C$16.78 billion and a price-to-earnings ratio of 19.54. Metro has a 12 month low of C$59.59 and a 12 month high of C$73.54. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 63.31.
Metro Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 21st were given a $0.275 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $1.10 annualized dividend and a yield of 1.56%. Metro’s payout ratio is currently 22.22%.
Metro Company Profile
Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries, as well as Mediterranean and Middle Eastern products.