Metro Inc. (TSE:MRU) Given Consensus Recommendation of “Hold” by Analysts

Metro Inc. (TSE:MRU) has earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$87.50.

A number of equities analysts have recently commented on the stock. Desjardins raised their target price on shares of Metro from C$85.00 to C$95.00 in a research note on Friday. CIBC boosted their price objective on Metro from C$86.00 to C$91.00 in a research note on Thursday. BMO Capital Markets increased their target price on Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. Cfra raised their target price on Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Finally, National Bankshares upped their price target on Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th.

Metro Stock Up 0.8 %

MRU stock opened at C$89.73 on Monday. Metro has a one year low of C$65.43 and a one year high of C$90.72. The stock has a market capitalization of C$19.97 billion, a P/E ratio of 21.94, a PEG ratio of 4.06 and a beta of 0.08. The company has a 50 day moving average price of C$84.71 and a two-hundred day moving average price of C$80.91. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10.

Metro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 12th were given a $0.335 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.34 annualized dividend and a yield of 1.49%. Metro’s dividend payout ratio (DPR) is 32.76%.

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.