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

Shares of Metro Inc. (TSE:MRU) have been given an average rating of “Hold” by the eight ratings firms that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$93.56.

Several equities research analysts recently weighed in on MRU shares. Desjardins upped their price objective on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. CIBC lifted their price objective on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. UBS Group lifted their price objective on shares of Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. BMO Capital Markets raised shares of Metro from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$92.00 to C$96.00 in a research note on Thursday, January 30th. Finally, National Bankshares lifted their price objective on shares of Metro from C$89.00 to C$94.00 and gave the stock a “sector perform” rating in a research note on Monday, January 13th.

Metro Stock Performance

MRU stock opened at C$91.43 on Friday. The company has a market capitalization of C$20.22 billion, a P/E ratio of 21.11, a PEG ratio of 4.06 and a beta of 0.08. The company has a 50-day simple moving average of C$91.24 and a 200 day simple moving average of C$87.08. Metro has a fifty-two week low of C$69.19 and a fifty-two week high of C$94.86. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29.

Metro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th will be given a $0.37 dividend. This is an increase from Metro’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, February 13th. Metro’s dividend payout ratio (DPR) is 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.