Metro Inc. (TSE:MRU) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Metro Inc. (TSE:MRU) have received an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$64.89.

Several analysts recently weighed in on the company. TD Securities increased their target price on Metro from C$60.00 to C$61.00 and gave the company a “hold” rating in a research note on Thursday, April 22nd. National Bank Financial increased their target price on Metro to C$65.00 and gave the company a “sector perform” rating in a research note on Thursday, April 22nd. Scotiabank increased their target price on Metro from C$67.00 to C$68.00 in a research note on Thursday, April 22nd. National Bankshares increased their target price on Metro from C$64.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Thursday, April 22nd. Finally, Cfra increased their target price on Metro from C$59.00 to C$64.00 and gave the company a “na” rating in a research note on Thursday, April 22nd.

Shares of MRU traded down C$0.27 during trading hours on Friday, hitting C$58.38. 92,164 shares of the company were exchanged, compared to its average volume of 584,235. The company has a market capitalization of C$14.36 billion and a P/E ratio of 17.77. The company’s 50 day simple moving average is C$58.00. Metro has a 52 week low of C$52.63 and a 52 week high of C$66.25. The company has a debt-to-equity ratio of 74.00, a quick ratio of 0.51 and a current ratio of 1.13.

Metro (TSE:MRU) last released its quarterly earnings results on Wednesday, April 21st. The company reported C$0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.75 by C$0.03. The company had revenue of C$4.19 billion for the quarter, compared to the consensus estimate of C$4.11 billion. On average, equities analysts expect that Metro will post 3.7199999 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 11th. Shareholders of record on Friday, June 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 19th. This represents a $1.00 annualized dividend and a yield of 1.71%. Metro’s dividend payout ratio (DPR) is 28.09%.

About Metro

Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates food stores, including supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, general merchandise, non-perishable goods, dairy products, fruits and vegetables, frozen foods, bakery products, pastries, and deli products, as well as Mediterranean and Middle-Eastern products; and drug stores and pharmacies.

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Analyst Recommendations for Metro (TSE:MRU)

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