Metro Inc. (TSE:MRU) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Metro Inc. has received an average rating of "Hold" from analysts, with four firms advising hold and three recommending a buy.
• The average twelve-month price target for Metro's stock is C$110.13, with recent upgrades from analysts, including Royal Bank of Canada raising their target to C$112.00.
• Metro has announced a quarterly dividend of $0.37 per share, representing an annualized dividend yield of 1.6% with an ex-dividend date set for September 4th.

Metro Inc. (TSE:MRU - Get Free Report) has been given an average recommendation of "Hold" by the seven brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$110.13.

Several equities research analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Metro from C$110.00 to C$115.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. TD Securities boosted their price objective on Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada upped their price target on Metro from C$98.00 to C$112.00 in a report on Monday, July 21st. Finally, National Bankshares decreased their price target on Metro from C$111.00 to C$110.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th.

Metro Stock Up 0.2%

Shares of TSE MRU traded up C$0.15 during midday trading on Friday, hitting C$92.45. 105,330 shares of the stock traded hands, compared to its average volume of 489,837. The company has a market cap of C$20.11 billion, a PE ratio of 20.05, a P/E/G ratio of 4.06 and a beta of 0.28. Metro has a one year low of C$81.01 and a one year high of C$109.20. The business has a 50 day moving average price of C$100.75 and a two-hundred day moving average price of C$101.76. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35.

Metro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 23rd will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, September 4th. This represents a $1.48 annualized dividend and a yield of 1.6%. Metro's dividend payout ratio is 30.59%.

Metro Company Profile

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.