National Bankshares Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its price target upped by National Bankshares from C$89.00 to C$94.00 in a research note issued to investors on Monday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Desjardins boosted their price target on shares of Metro from C$85.00 to C$95.00 in a research note on Friday, November 22nd. UBS Group set a C$98.00 target price on Metro and gave the company a “neutral” rating in a research report on Friday, December 13th. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, CIBC boosted their price objective on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$89.33.

Metro Stock Performance

TSE MRU opened at C$90.21 on Monday. The stock has a fifty day simple moving average of C$90.12 and a 200-day simple moving average of C$85.29. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. The stock has a market cap of C$20.08 billion, a PE ratio of 22.06, a P/E/G ratio of 4.06 and a beta of 0.08. Metro has a twelve month low of C$67.85 and a twelve month high of C$94.86.

Metro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th were issued a $0.335 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.34 dividend on an annualized basis and a yield of 1.49%. 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.