Metro Inc. (TSE:MRU) Receives C$93.56 Average Price Target from Brokerages

Shares of Metro Inc. (TSE:MRU) have been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$93.56.

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

Metro Trading Down 1.0 %

MRU opened at C$91.43 on Friday. The stock has a market capitalization of C$20.22 billion, a PE ratio of 21.11, a P/E/G ratio of 4.06 and a beta of 0.08. The firm’s fifty day moving average price is C$91.24 and its 200 day moving average price is C$87.08. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. Metro has a 12-month low of C$69.19 and a 12-month high of C$94.86.

Metro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.62%. This is a positive change from Metro’s previous quarterly dividend of $0.34. Metro’s dividend payout ratio is currently 30.93%.

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.