Metro (TSE:MRU) Given New C$110.00 Price Target at BMO Capital Markets

Metro (TSE:MRU) had its price target lowered by BMO Capital Markets from C$115.00 to C$110.00 in a research report report published on Monday,BayStreet.CA reports.

A number of other research analysts also recently issued reports on MRU. National Bankshares reduced their price target on Metro from C$110.00 to C$107.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 15th. TD Securities boosted 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. Finally, Royal Bank Of Canada boosted their price target on Metro from C$98.00 to C$112.00 in a report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$109.13.

Metro Trading Down 0.0%

Shares of MRU stock opened at C$93.45 on Monday. Metro has a 1-year low of C$82.34 and a 1-year high of C$109.20. The stock has a market capitalization of C$20.33 billion, a PE ratio of 20.27, a P/E/G ratio of 4.06 and a beta of 0.22. 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 business has a 50-day moving average of C$94.71 and a 200 day moving average of C$101.08.

Metro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, November 12th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, October 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.6%. Metro’s dividend payout ratio is 30.59%.

About Metro

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.