Metro (TSE:MRU) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Metro Inc. (TSE:MRU)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$95.08 and traded as high as C$106.64. Metro shares last traded at C$106.26, with a volume of 164,077 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MRU shares. UBS Group boosted their target price on Metro from C$99.00 to C$105.00 in a research report on Thursday, April 17th. TD Securities boosted their target price on Metro from C$99.00 to C$112.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Scotiabank boosted their target price on Metro from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. Royal Bank of Canada boosted their target price on Metro from C$90.00 to C$98.00 in a research report on Monday, April 14th. Finally, Desjardins boosted their target price on Metro from C$95.00 to C$105.00 and gave the stock a “hold” rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$104.22.

Metro Price Performance

The firm’s 50-day moving average price is C$101.48 and its 200-day moving average price is C$95.08. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The stock has a market capitalization of C$23.50 billion, a PE ratio of 24.53, a PEG ratio of 4.06 and a beta of 0.08.

Metro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 27th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Wednesday, May 7th. Metro’s dividend payout ratio (DPR) is currently 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.