Scotiabank Trims Metro (TSE:MRU) Target Price to C$74.00

Metro (TSE:MRU) had its price objective reduced by Scotiabank from C$74.50 to C$74.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts also recently issued reports on MRU. National Bankshares lifted their price target on Metro from C$80.00 to C$81.00 and gave the company a sector perform rating in a research report on Monday, January 15th. TD Securities boosted their target price on Metro from C$76.00 to C$78.00 and gave the stock a hold rating in a research report on Wednesday, January 31st. Royal Bank of Canada dropped their target price on Metro from C$83.00 to C$82.00 and set a sector perform rating for the company in a research report on Wednesday, January 31st. Finally, BMO Capital Markets boosted their target price on Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Metro presently has a consensus rating of Hold and an average price target of C$77.14.

Metro Stock Down 0.2 %

MRU stock opened at C$69.57 on Monday. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71. The firm has a market capitalization of C$15.79 billion, a PE ratio of 15.92, a PEG ratio of 2.12 and a beta of 0.04. Metro has a twelve month low of C$65.43 and a twelve month high of C$78.88. The stock has a 50-day simple moving average of C$72.15 and a two-hundred day simple moving average of C$70.62.

Metro (TSE:MRU) last issued its quarterly earnings results on Tuesday, January 30th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.03. The firm had revenue of C$4.97 billion during the quarter, compared to the consensus estimate of C$4.86 billion. Metro had a return on equity of 15.00% and a net margin of 4.81%. On average, equities analysts predict that Metro will post 4.2576393 EPS for the current fiscal year.

Metro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 12th were given a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.34 annualized dividend and a yield of 1.93%. This is an increase from Metro’s previous quarterly dividend of $0.30. Metro’s payout ratio is presently 30.66%.

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.