Metro (TSE:MRU) Price Target Raised to C$98.00 at Royal Bank of Canada

Metro (TSE:MRU) had its price target increased by Royal Bank of Canada from C$90.00 to C$98.00 in a report published on Monday,BayStreet.CA reports.

A number of other brokerages have also issued reports on MRU. National Bankshares raised their price objective on shares of Metro from C$94.00 to C$102.00 and gave the company a “sector perform” rating in a report on Wednesday, April 2nd. BMO Capital Markets raised their price target on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. UBS Group boosted their price objective on shares of Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. Finally, Scotiabank raised their target price on Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$96.89.

Metro Price Performance

Shares of MRU opened at C$100.31 on Monday. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. The stock has a market cap of C$22.18 billion, a PE ratio of 23.16, a PEG ratio of 4.06 and a beta of 0.08. Metro has a 12-month low of C$69.19 and a 12-month high of C$103.59. The business has a 50-day simple moving average of C$95.43 and a two-hundred day simple moving average of C$90.89.

Metro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th were given a $0.37 dividend. The ex-dividend date was Thursday, February 13th. This is a positive change from Metro’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 1.48%. Metro’s dividend payout ratio (DPR) is 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.