Metro (TSE:MRU) Given a C$107.00 Price Target at National Bankshares

National Bankshares set a C$107.00 target price on Metro (TSE:MRU) in a research report report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Desjardins set a C$105.00 price target on Metro and gave the company a “hold” rating in a report on Thursday, November 20th. BMO Capital Markets dropped their target price on Metro from C$115.00 to C$110.00 in a report on Monday, November 3rd. Finally, Scotiabank increased their price target on Metro from C$108.00 to C$110.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$109.13.

Metro Stock Performance

Shares of TSE MRU opened at C$98.20 on Monday. The company has a market cap of C$20.99 billion, a P/E ratio of 21.21, a P/E/G ratio of 4.06 and a beta of 0.11. Metro has a 52-week low of C$87.76 and a 52-week high of C$109.20. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The firm’s fifty day moving average is C$98.77 and its two-hundred day moving average is C$98.59.

Metro (TSE:MRU) last released its quarterly earnings data on Wednesday, November 19th. The company reported C$1.13 EPS for the quarter. Metro had a net margin of 4.50% and a return on equity of 13.80%. The business had revenue of C$5.11 billion during the quarter. As a group, analysts anticipate that Metro will post 4.8188614 EPS for the current fiscal year.

Metro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. Metro’s dividend payout ratio (DPR) is 31.21%.

Metro Company Profile

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. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.