Metro Inc. (TSE:MRU) Receives C$104.22 Consensus PT from Analysts

Shares of Metro Inc. (TSE:MRU - Get Free Report) have been given a consensus rating of "Hold" by the seven brokerages that are covering the firm, MarketBeat reports. Four 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 target among analysts that have covered the stock in the last year is C$104.22.

A number of brokerages have recently weighed in on MRU. CIBC lifted their target price on shares of Metro from C$91.00 to C$106.00 in a research note on Thursday, April 17th. TD Securities lifted their price objective on Metro from C$99.00 to C$112.00 and gave the company a "buy" rating in a research report on Monday, April 21st. National Bankshares upped 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. Desjardins upped their price target on shares of Metro from C$95.00 to C$105.00 and gave the stock a "hold" rating in a report on Thursday, April 17th. Finally, BMO Capital Markets raised their target price on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th.

Metro Trading Up 0.3 %

MRU traded up C$0.27 on Thursday, hitting C$103.40. 37,535 shares of the company were exchanged, compared to its average volume of 522,515. The firm has a fifty day simple moving average of C$97.51 and a two-hundred day simple moving average of C$92.19. Metro has a 12 month low of C$69.64 and a 12 month high of C$105.54. The stock has a market capitalization of C$22.87 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, March 11th were paid a $0.37 dividend. The ex-dividend date was Thursday, February 13th. This is a positive change from Metro's previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. Metro's dividend payout ratio (DPR) is presently 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.