Brokerages Set Metro Inc. (TSE:MRU) Price Target at C$106.44

Metro Inc. (TSE:MRU) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$106.44.

Several research firms recently issued reports on MRU. Desjardins raised their price target on Metro from C$95.00 to C$105.00 and gave the company a “hold” rating in a report 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 report on Thursday, April 17th. National Bankshares raised their price target on Metro from C$102.00 to C$107.00 and gave the company a “sector perform” rating in a report on Thursday, April 17th. UBS Group raised their price target on Metro from C$99.00 to C$105.00 in a report on Thursday, April 17th. Finally, TD Securities raised their price target on Metro from C$112.00 to C$118.00 and gave the company a “buy” rating in a report on Thursday, July 31st.

Metro Trading Down 0.5%

MRU stock opened at C$105.38 on Friday. The business has a fifty day moving average price of C$105.33 and a 200 day moving average price of C$100.27. Metro has a fifty-two week low of C$78.59 and a fifty-two week high of C$109.20. The stock has a market capitalization of C$23.30 billion, a price-to-earnings ratio of 24.33, 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th were paid a $0.37 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.48 annualized dividend and a yield of 1.4%. Metro’s dividend payout ratio 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.