Metro Inc. (TSE:MRU - Get Free Report) announced a quarterly dividend on Tuesday, September 30th, RTT News reports. Shareholders of record on Thursday, October 23rd will be paid a dividend of 0.37 per share on Tuesday, November 11th. This represents a c) annualized dividend and a yield of 1.6%.
Metro Price Performance
MRU traded down C$0.19 during trading on Wednesday, hitting C$93.28. The company's stock had a trading volume of 439,107 shares, compared to its average volume of 491,284. 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 twelve month low of C$81.01 and a twelve month high of C$109.20. The business's fifty day simple moving average is C$99.36 and its 200 day simple moving average is C$101.67. The firm has a market capitalization of C$20.29 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 4.06 and a beta of 0.28.
Analysts Set New Price Targets
MRU has been the topic of several research reports. TD Securities raised their target price on Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. BMO Capital Markets raised their target price on Metro from C$110.00 to C$115.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada raised their target price on Metro from C$98.00 to C$112.00 in a research report on Monday, July 21st. Finally, National Bankshares decreased their target price on Metro from C$111.00 to C$110.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$110.13.
Check Out Our Latest Stock Report on Metro
About Metro
(
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Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.
Further Reading

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