Metro, Inc. (MRU) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Metro, Inc. (TSE:MRU) have received a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$47.70.
MRU has been the subject of several research analyst reports. Barclays PLC boosted their price objective on shares of Metro from C$44.00 to C$45.00 in a research report on Tuesday, October 3rd. Eight Capital dropped their price objective on shares of Metro from C$47.00 to C$45.00 and set a “neutral” rating for the company in a research report on Tuesday, October 3rd. Desjardins boosted their price objective on shares of Metro from C$48.00 to C$50.00 in a research report on Friday, September 29th. TD Securities cut shares of Metro from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$49.00 to C$44.00 in a research report on Tuesday, September 5th. Finally, Raymond James Financial, Inc. dropped their price objective on shares of Metro from C$52.00 to C$48.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th.
Shares of Metro (TSE:MRU) traded up 0.81% during mid-day trading on Thursday, hitting $41.21. The stock had a trading volume of 77,631 shares. The stock has a market cap of $9.36 billion and a price-to-earnings ratio of 16.42. The firm has a 50 day moving average of $41.05 and a 200 day moving average of $42.88. Metro has a one year low of $38.00 and a one year high of $47.41.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Friday, October 27th will be given a $0.162 dividend. This represents a $0.65 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, October 26th.
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Metro Inc operates as a retailer and distributor in the food and pharmaceutical sectors in Canada. It operates supermarkets, discount and convenience stores, and food stores that provide grocery products, general merchandise, non-perishable goods, dairy products, fruits and vegetables, meats, frozen foods, bakery and deli products, and pastry and charcutery products, as well as perishable products.
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