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

Metro Inc. (TSE:MRU) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation 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$96.00.

Several research firms have weighed in on MRU. BMO Capital Markets boosted their price target on Metro from C$96.00 to C$110.00 in a research note on Friday. Scotiabank increased their price target on shares of Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. National Bankshares lifted their price objective on shares of Metro from C$94.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, UBS Group increased their price objective on shares of Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th.

Metro Trading Down 1.3 %

TSE:MRU opened at C$100.42 on Friday. The company has a market capitalization of C$22.21 billion, a P/E ratio of 23.18, a PEG ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. Metro has a 12 month low of C$69.19 and a 12 month high of C$103.59. The firm has a fifty day simple moving average of C$94.41 and a 200-day simple moving average of C$90.15.

Metro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th were paid 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 1.47%. The ex-dividend date of this dividend was Thursday, February 13th. Metro’s dividend payout ratio is presently 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.