Metro Inc. (TSE:MRU) Given Average Recommendation of "Hold" by Analysts

Shares of Metro Inc. (TSE:MRU - Get Free Report) have been assigned a consensus rating of "Hold" from the seven research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$104.22.

A number of brokerages have recently commented on MRU. Royal Bank of Canada lifted their price target on Metro from C$90.00 to C$98.00 in a research note on Monday, April 14th. Scotiabank lifted their target price on shares of Metro from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Desjardins upped 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 report on Thursday, April 17th. TD Securities raised their price target on shares of Metro from C$99.00 to C$112.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, CIBC lifted their price target on shares of Metro from C$91.00 to C$106.00 in a report on Thursday, April 17th.

Metro Price Performance

Shares of TSE:MRU traded up C$0.47 during trading on Monday, hitting C$105.47. 307,586 shares of the company were exchanged, compared to its average volume of 533,470. The business's 50 day moving average is C$101.23 and its 200-day moving average is C$94.87. The company has a market capitalization of C$23.32 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. 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 has a 1-year low of C$72.39 and a 1-year high of C$107.05.

Metro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, May 7th. 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.