Brokerages Set Metro Inc. (TSE:MRU) Price Target at C$103.62

Shares of Metro Inc. (TSE:MRU) have received an average rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$103.62.

Several brokerages have issued reports on MRU. BMO Capital Markets lowered their price target on shares of Metro from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Scotiabank downgraded shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price objective for the company. in a report on Thursday, April 9th. Desjardins lowered their target price on shares of Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Scotia lowered their target price on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd.

Metro Stock Performance

TSE:MRU opened at C$94.02 on Friday. The firm has a market cap of C$19.83 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 4.06 and a beta of 0.16. The company has a current ratio of 1.43, a quick ratio of 0.41 and a debt-to-equity ratio of 69.30. Metro has a twelve month low of C$86.63 and a twelve month high of C$107.78. The company has a 50-day moving average of C$90.99 and a 200-day moving average of C$93.72.

Metro (TSE:MRU) last issued its earnings results on Wednesday, April 22nd. The company reported C$1.11 EPS for the quarter. The business had revenue of C$5.11 billion during the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%. Analysts forecast that Metro will post 4.8188614 earnings per share for the current fiscal year.

Metro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, June 2nd were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, May 13th. Metro’s dividend payout ratio is currently 32.36%.

About Metro

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.