Metro (TSE:MRU) Given New C$86.00 Price Target at CIBC

Metro (TSE:MRU) had its price target lifted by CIBC from C$77.00 to C$86.00 in a report issued on Thursday, BayStreet.CA reports.

Several other equities analysts have also weighed in on the stock. Desjardins increased their price target on shares of Metro from C$75.00 to C$80.00 and gave the company a hold rating in a research report on Tuesday, August 13th. Royal Bank of Canada boosted their target price on shares of Metro from C$82.00 to C$84.00 in a research note on Friday, July 12th. Scotiabank decreased 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 research note on Monday, April 22nd. National Bankshares lifted their price target on shares of Metro from C$85.00 to C$88.00 in a report on Thursday. Finally, BMO Capital Markets increased their price objective on Metro from C$75.00 to C$83.00 and gave the company a market perform rating in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of C$84.25.

Metro Stock Down 0.3 %

MRU stock opened at C$83.91 on Thursday. The stock has a market cap of C$18.68 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.12 and a beta of 0.08. 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’s fifty day simple moving average is C$78.60 and its two-hundred day simple moving average is C$74.52. Metro has a 1-year low of C$65.43 and a 1-year high of C$84.78.

Metro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Thursday, September 5th will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, September 5th. Metro’s 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.