Metro (TSE:MRU) Hits New 12-Month High at $73.95

Metro Inc. (TSE:MRUGet Rating) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$73.95 and last traded at C$73.79, with a volume of 60804 shares. The stock had previously closed at C$72.25.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MRU shares. BMO Capital Markets increased their target price on shares of Metro from C$78.00 to C$82.00 in a research report on Thursday. Canaccord Genuity Group increased their price objective on shares of Metro from C$71.00 to C$72.00 in a research report on Thursday. TD Securities increased their price objective on shares of Metro from C$75.00 to C$76.00 and gave the company a “hold” rating in a research report on Thursday. Scotiabank increased their price objective on shares of Metro from C$77.00 to C$79.00 in a research report on Thursday. Finally, Royal Bank of Canada increased their target price on Metro from C$75.00 to C$76.00 and gave the company a “sector perform” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, Metro currently has an average rating of “Hold” and an average target price of C$76.44.

Metro Price Performance

The company has a 50 day moving average of C$70.80 and a 200-day moving average of C$70.10. The stock has a market capitalization of C$18.07 billion and a P/E ratio of 21.04. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 62.28.

Metro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Tuesday, November 8th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, October 20th. Metro’s dividend payout ratio (DPR) is presently 30.56%.

Metro Company Profile

(Get Rating)

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

Featured Articles

Receive News & Ratings for Metro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro and related companies with MarketBeat.com's FREE daily email newsletter.