Metro Inc. (TSE:MRU – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$78.12 and last traded at C$78.56, with a volume of 86324 shares changing hands. The stock had previously closed at C$77.46.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. TD Securities boosted their price objective on shares of Metro from C$78.00 to C$80.00 in a report on Thursday, April 25th. National Bankshares boosted their price objective on shares of Metro from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Desjardins upped their price target on shares of Metro from C$74.00 to C$75.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Scotiabank cut their price target on shares of Metro from C$74.50 to C$74.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, CIBC upped their price target on shares of Metro from C$76.00 to C$77.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$77.86.
Check Out Our Latest Stock Report on Metro
Metro Stock Performance
Metro (TSE:MRU – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, meeting analysts’ consensus estimates of C$0.91. Metro had a net margin of 4.64% and a return on equity of 14.55%. The company had revenue of C$4.66 billion for the quarter, compared to analyst estimates of C$4.63 billion. On average, analysts predict that Metro Inc. will post 4.2740275 EPS for the current fiscal year.
Metro Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, June 4th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, May 14th. Metro’s dividend payout ratio is presently 31.38%.
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.
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