Metro Inc. (TSE:MRU) Receives Average Rating of “Hold” from Analysts

Metro Inc. (TSE:MRU) has earned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$89.33.

MRU has been the subject of several recent research reports. Royal Bank of Canada cut Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. CIBC boosted their price target on Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. National Bankshares boosted their price target on Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a research note on Monday. UBS Group set a C$98.00 price target on Metro and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Desjardins upped their target price on Metro from C$85.00 to C$95.00 in a research note on Friday, November 22nd.

Metro Trading Down 0.1 %

Shares of MRU stock opened at C$90.21 on Tuesday. 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 has a market cap of C$20.08 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The stock has a 50 day simple moving average of C$90.12 and a 200 day simple moving average of C$85.29. Metro has a 1 year low of C$67.85 and a 1 year high of C$94.86.

Metro Dividend Announcement

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