TD Securities Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price objective upped by TD Securities from C$99.00 to C$112.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms also recently weighed in on MRU. CIBC lifted their price target on shares of Metro from C$91.00 to C$106.00 in a research note on Thursday, April 17th. UBS Group lifted their target price on Metro from C$99.00 to C$105.00 in a research report on Thursday, April 17th. Royal Bank of Canada upped their target price on Metro from C$90.00 to C$98.00 in a report on Monday, April 14th. Desjardins upped their target price on Metro from C$95.00 to C$105.00 and gave the stock a “hold” rating in a report on Thursday, April 17th. Finally, National Bankshares boosted their price objective on shares of Metro from C$102.00 to C$107.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$104.22.

Metro Trading Up 1.6 %

MRU stock opened at C$103.76 on Monday. Metro has a 12 month low of C$69.19 and a 12 month high of C$103.79. The firm’s 50-day moving average is C$96.41 and its 200 day moving average is C$91.50. The company has a market capitalization of C$22.95 billion, a PE ratio of 23.95, a P/E/G ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41.

Metro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. This is a boost from Metro’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, February 13th. Metro’s dividend payout ratio (DPR) is presently 30.93%.

About Metro

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.