Brokerages Set Metro Inc. (TSE:MRU) Price Target at C$88.67

Shares of Metro Inc. (TSE:MRU) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$88.67.

A number of analysts recently issued reports on the company. CIBC raised their price target on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Desjardins raised their target price on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Royal Bank of Canada downgraded shares of Metro from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, UBS Group set a C$98.00 price target on Metro and gave the stock a “neutral” rating in a research note on Friday, December 13th.

Metro Price Performance

TSE:MRU opened at C$91.19 on Friday. The firm has a market capitalization of C$20.30 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The business has a 50 day simple moving average of C$88.01 and a 200-day simple moving average of C$83.60. Metro has a 1 year low of C$66.57 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 dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.34 annualized dividend and a dividend yield of 1.47%. Metro’s dividend 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.