Metro Inc. (TSE:MRU) Receives C$104.22 Average Price Target from Analysts

Metro Inc. (TSE:MRU) has been given an average rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$104.22.

MRU has been the topic of a number of recent analyst reports. TD Securities boosted their price target on Metro from C$99.00 to C$112.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. BMO Capital Markets boosted their price objective on Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. CIBC boosted their price objective on Metro from C$91.00 to C$106.00 in a report on Thursday, April 17th. Scotiabank boosted their price objective on Metro from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Finally, National Bankshares boosted their price objective on Metro from C$102.00 to C$107.00 and gave the stock a “sector perform” rating in a report on Thursday, April 17th.

Metro Price Performance

Shares of TSE MRU opened at C$104.34 on Friday. The business’s 50 day moving average price is C$103.69 and its two-hundred day moving average price is C$96.79. The company has a market cap of C$23.07 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. Metro has a twelve month low of C$72.64 and a twelve month high of C$109.20.

Metro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 27th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, May 7th. Metro’s dividend payout ratio (DPR) is currently 30.93%.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.