Metro (TSE:MRU) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Metro Inc. (TSE:MRU)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$94.38 and traded as low as C$90.58. Metro shares last traded at C$90.99, with a volume of 712,309 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MRU shares. Desjardins reduced their price objective on Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. BMO Capital Markets lowered their target price on shares of Metro from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce dropped their target price on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Scotia reduced their price target on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. Finally, Scotiabank lowered shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price target for the company. in a report on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$103.62.

Metro Price Performance

The company has a market capitalization of C$19.19 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 4.06 and a beta of 0.19. The company has a fifty day moving average price of C$90.54 and a 200 day moving average price of C$94.38. The company has a debt-to-equity ratio of 69.30, a current ratio of 1.43 and a quick ratio of 0.41.

Metro (TSE:MRU) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.11 earnings per share for the quarter. The business had revenue of C$5.11 billion for the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%. On average, sell-side analysts forecast that Metro Inc. will post 4.8188614 EPS for the current fiscal year.

Metro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, June 2nd were given a $0.4075 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.63 annualized dividend and a yield of 1.8%. Metro’s dividend payout ratio (DPR) is currently 32.36%.

About Metro

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.