Metro (TSE:MRU) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Metro Inc. (TSE:MRU)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$97.14 and traded as high as C$104.82. Metro shares last traded at C$103.66, with a volume of 806,810 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MRU. CIBC lifted their target price on Metro from C$91.00 to C$106.00 in a research report on Thursday, April 17th. TD Securities lifted 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. Desjardins raised their price target on Metro from C$95.00 to C$105.00 and gave the company a “hold” rating in a research note on Thursday, April 17th. Scotiabank raised their price target on Metro from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Finally, BMO Capital Markets raised their price target on Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$104.22.

Metro Trading Down 0.4%

The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The company has a market cap of C$22.92 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company’s 50 day simple moving average is C$104.36 and its two-hundred day simple moving average is C$97.14.

Metro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, May 7th. Metro’s dividend payout ratio (DPR) is currently 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.