Desjardins Issues Positive Forecast for Metro (TSE:MRU) Stock Price

Metro (TSE:MRU) had its target price boosted by Desjardins from C$85.00 to C$95.00 in a report issued on Friday morning,BayStreet.CA reports.

A number of other analysts have also issued reports on the company. National Bankshares boosted their target price on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. Royal Bank of Canada boosted their target price on Metro from C$84.00 to C$90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets boosted their target price on Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. CIBC boosted their target price on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Finally, Cfra boosted their price target on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$87.50.

Metro Stock Down 0.1 %

MRU stock opened at C$89.62 on Friday. The firm has a market cap of C$19.95 billion, a PE ratio of 21.91, a PEG ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. The firm’s 50 day moving average price is C$84.77 and its 200-day moving average price is C$81.03. Metro has a one year low of C$65.43 and a one year high of C$90.72.

Metro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 12th were issued a $0.335 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.50%. 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.