Brokerages Set Metro Inc. (TSE:MRU) PT at C$93.56

Shares of Metro Inc. (TSE:MRU) have been assigned an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat.com 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 1-year price objective among brokers that have issued a report on the stock in the last year is C$93.56.

Several equities analysts have weighed in on MRU shares. CIBC raised their price target on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. National Bankshares boosted their price objective 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, January 13th. BMO Capital Markets upgraded shares of Metro from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$92.00 to C$96.00 in a report on Thursday, January 30th. Royal Bank of Canada cut Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, UBS Group upped their target price on shares of Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th.

Metro Stock Down 0.2 %

MRU stock opened at C$96.13 on Wednesday. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The company’s 50 day simple moving average is C$92.01 and its 200-day simple moving average is C$88.53. Metro has a 12 month low of C$69.19 and a 12 month high of C$97.25. The firm has a market capitalization of C$21.26 billion, a PE ratio of 22.19, a P/E/G ratio of 4.06 and a beta of 0.08.

Metro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, March 11th will be given a dividend of $0.37 per share. This is a positive change from Metro’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 13th. Metro’s dividend payout ratio is currently 30.93%.

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.