Metro Inc. (TSE:MRU) Receives C$93.56 Consensus PT from Analysts

Metro Inc. (TSE:MRU) has been given an average rating of “Hold” by the eight ratings firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have assigned 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$93.56.

A number of analysts have weighed in on the stock. CIBC raised their target price on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Scotiabank boosted their price objective on Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. Desjardins upped their target price on Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, UBS Group upped their price objective on Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th.

Metro Trading Up 0.3 %

MRU opened at C$92.03 on Friday. The company’s 50 day moving average is C$91.28 and its 200-day moving average is C$86.87. The company has a market cap of C$20.49 billion, a P/E ratio of 22.50, a PEG ratio of 4.06 and a beta of 0.08. Metro has a 1-year low of C$68.12 and a 1-year high of C$94.86. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18.

Metro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from Metro’s previous quarterly dividend of $0.34. 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.