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

Metro Inc. (TSE:MRU - Get Free Report) has earned a consensus rating of "Hold" from the seven analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$104.22.

A number of research analysts recently weighed in on the stock. Desjardins raised their price target on shares of Metro from C$95.00 to C$105.00 and gave the company a "hold" rating in a research note on Thursday, April 17th. Scotiabank raised their price target on shares of Metro from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. UBS Group raised their price target on shares of Metro from C$99.00 to C$105.00 in a research note on Thursday, April 17th. National Bankshares raised their price target on shares of Metro from C$102.00 to C$107.00 and gave the company a "sector perform" rating in a research note on Thursday, April 17th. Finally, CIBC raised their price target on shares of Metro from C$91.00 to C$106.00 in a research note on Thursday, April 17th.

Metro Trading Up 0.5%

Shares of Metro stock opened at C$103.58 on Monday. The firm has a market capitalization of C$22.91 billion, a PE ratio of 23.91, a P/E/G ratio of 4.06 and a beta of 0.08. Metro has a twelve month low of C$72.39 and a twelve month high of C$107.05. The firm's 50-day moving average price is C$100.07 and its 200 day moving average price is C$94.21. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. Metro's payout ratio 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.

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