Metro (TSE:MRU) Shares Cross Above 200 Day Moving Average – Should You Sell?

Metro Inc. (TSE:MRU) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$96.53 and traded as high as C$105.45. Metro shares last traded at C$104.02, with a volume of 390,985 shares.

Analyst Ratings Changes

A number of research firms have weighed in on MRU. BMO Capital Markets boosted their target price on shares of Metro from C$96.00 to C$110.00 in a research report on Friday, April 4th. UBS Group increased their target price on Metro from C$99.00 to C$105.00 in a research note on Thursday, April 17th. CIBC lifted their price target on Metro from C$91.00 to C$106.00 in a research report on Thursday, April 17th. National Bankshares increased their price objective on Metro from C$102.00 to C$107.00 and gave the company a “sector perform” rating in a research report on Thursday, April 17th. Finally, TD Securities raised their price objective on shares of Metro from C$99.00 to C$112.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Metro presently has a consensus rating of “Hold” and an average price target of C$104.22.

Metro Stock Performance

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 firm has a 50-day moving average of C$103.39 and a 200 day moving average of C$96.53. The stock has a market capitalization of C$23.00 billion, a P/E ratio of 24.01, a PEG ratio of 4.06 and a beta of 0.08.

Metro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, May 7th. Metro’s payout ratio is 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.