Metro Inc. (TSE:MRU) Receives C$89.33 Consensus Target Price from Analysts

Shares of Metro Inc. (TSE:MRU) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$89.33.

A number of research analysts recently commented on the stock. 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. National Bankshares lifted their target price on shares of Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a research note on Monday. Royal Bank of Canada downgraded shares of Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. CIBC lifted their price objective on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Finally, UBS Group set a C$98.00 target price on Metro and gave the company a “neutral” rating in a research note on Friday, December 13th.

Metro Trading Up 0.6 %

TSE:MRU opened at C$89.68 on Tuesday. The stock has a market cap of C$19.96 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a fifty-two week low of C$67.94 and a fifty-two week high of C$94.86. 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’s 50-day moving average is C$90.30 and its two-hundred day moving average is C$85.41.

Metro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 12th were given a $0.335 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.49%. Metro’s dividend payout ratio is currently 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.