Metro (TSE:MRU) Stock Passes Above 200-Day Moving Average of $71.82

Shares of Metro Inc. (TSE:MRUGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$71.82 and traded as high as C$78.04. Metro shares last traded at C$77.46, with a volume of 247,260 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MRU shares. Desjardins raised their price objective on shares of Metro from C$74.00 to C$75.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. CIBC lifted their price target on shares of Metro from C$76.00 to C$77.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Scotiabank dropped their price target on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. TD Securities lifted their price target on shares of Metro from C$78.00 to C$80.00 in a research report on Thursday, April 25th. Finally, National Bankshares lifted their price target on shares of Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$77.86.

Get Our Latest Stock Analysis on Metro

Metro Price Performance

The business’s 50 day moving average is C$74.00 and its 200-day moving average is C$71.82. The firm has a market capitalization of C$17.48 billion, a P/E ratio of 18.14, a PEG ratio of 2.12 and a beta of 0.05. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 64.39.

Metro (TSE:MRUGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.91. The business had revenue of C$4.66 billion for the quarter, compared to analysts’ expectations of C$4.63 billion. Metro had a net margin of 4.64% and a return on equity of 14.55%. As a group, sell-side analysts predict that Metro Inc. will post 4.2740275 EPS for the current fiscal year.

Metro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, June 4th were paid a $0.335 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.34 dividend on an annualized basis and a yield of 1.73%. Metro’s dividend payout ratio (DPR) is 31.38%.

About Metro

(Get Free Report)

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.

Further Reading

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