Metro Inc. (TSE:MRU) Plans $0.37 Quarterly Dividend

Key Points

• Metro Inc. has declared a quarterly dividend of C$0.37 per share, with shareholders of record set to receive it on November 11th.
• The company's market capitalization stands at C$20.84 billion, with a current P/E ratio of 20.78 and a beta of 0.22.
• Several analysts have upgraded their price targets for Metro, with the consensus target price currently at C$109.75 and a mix of "Buy" and "Hold" ratings among investment analysts.

Metro Inc. (TSE:MRU - Get Free Report) declared a quarterly dividend on Thursday, October 23rd, RTT News reports. Shareholders of record on Tuesday, November 11th will be given a dividend of 0.37 per share on Tuesday, November 11th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 23rd.

Metro Price Performance

TSE MRU opened at C$95.78 on Tuesday. The firm's fifty day simple moving average is C$96.04 and its two-hundred day simple moving average is C$101.37. 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 12-month low of C$81.01 and a 12-month high of C$109.20. The firm has a market capitalization of C$20.84 billion, a P/E ratio of 20.78, a P/E/G ratio of 4.06 and a beta of 0.22.

Analysts Set New Price Targets

Several equities analysts recently commented on MRU shares. BMO Capital Markets increased their price objective on shares of 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 boosted their price objective on shares of Metro from C$98.00 to C$112.00 in a report on Monday, July 21st. National Bankshares dropped their price objective on shares of Metro from C$110.00 to C$107.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 15th. Finally, TD Securities boosted their price objective on shares of Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Three investment 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, the company currently has a consensus rating of "Hold" and a consensus target price of C$109.75.

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.

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