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Metro (TSE:MRU) declared a Quarterly dividend on Thursday, August 28th, American Banking & Market News reports. Shareholders of record on Friday, September 19th will be given a dividend of 0.30 per share on Friday, September 19th. This represents a yield of 1.69%. The ex-dividend date of this dividend is Thursday, August 28th.

On a related note, analysts at Desjardins upgraded shares of Metro to a “buy” rating in a research note on Friday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$67.57.

Metro (TSE:MRU) opened at 71.07 on Thursday. Metro has a 52 week low of $60.00 and a 52 week high of $73.32. The stock has a 50-day moving average of $69. and a 200-day moving average of $66.10. The company has a P/E ratio of 14.78.

Metro, Inc is a food retailer and distributor in Quebec and Ontario, where it operates a network of 564 supermarkets under several banners, including Metro, Metro Plus, Super C and Food Basics, as well as 257 pharmacies, mainly under the Brunet, Pharmacy and Drug Basics banners.

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