Metro Inc. (TSE:MRU) Receives C$87.50 Average PT from Brokerages

Metro Inc. (TSE:MRU) has been given an average recommendation of “Hold” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$87.50.

MRU has been the topic of several recent research reports. National Bankshares upped their price target on shares of Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. CIBC boosted their price objective on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. BMO Capital Markets boosted their price objective on shares of Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. Desjardins boosted their price objective on shares of Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. Finally, Cfra boosted their price objective on shares of Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th.

Metro Stock Up 1.2 %

Shares of TSE MRU opened at C$92.23 on Monday. Metro has a 12-month low of C$65.43 and a 12-month high of C$92.47. The company has a market capitalization of C$20.53 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The firm’s 50-day moving average is C$85.05 and its two-hundred day moving average is C$81.23.

Metro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, October 24th. Metro’s dividend payout ratio (DPR) is 32.76%.

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.