Brokerages Set Metro Inc. (TSE:MRU) PT at C$88.67

Metro Inc. (TSE:MRU) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$88.67.

A number of equities analysts recently commented on MRU shares. Royal Bank of Canada lowered shares of Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. UBS Group set a C$98.00 target price on Metro and gave the stock a “neutral” rating in a research report on Friday, December 13th. Desjardins upped their price target on Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. Finally, CIBC increased their price objective on Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st.

Metro Stock Performance

Shares of MRU opened at C$90.43 on Friday. Metro has a one year low of C$66.16 and a one year high of C$94.86. The company has a 50-day moving average of C$87.87 and a two-hundred day moving average of C$83.49. 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 stock has a market cap of C$20.13 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 4.06 and a beta of 0.08.

Metro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, October 24th. Metro’s dividend payout ratio (DPR) is presently 32.76%.

About Metro

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.