Metro Inc. (TSE:MRU) Receives Average Rating of "Hold" from Analysts

Key Points

• Metro Inc. has an average analyst rating of "Hold", with seven analysts covering the stock: four recommend holding and three recommend buying.
• The company recently revised its dividend to $0.37 per share, resulting in an annualized dividend of $1.48 and a yield of 1.6%.
• Metro's recent stock performance shows a market cap of C$20.55 billion and a twelve-month high of C$109.20, with the stock currently trading at C$94.48.

Metro Inc. (TSE:MRU - Get Free Report) has received an average rating of "Hold" from the seven analysts that are presently covering the company, 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 target price among analysts that have covered the stock in the last year is C$109.75.

Several research firms recently issued reports on MRU. TD Securities lifted their price objective on Metro from C$112.00 to C$118.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. National Bankshares dropped their price target on shares of Metro from C$110.00 to C$107.00 and set a "sector perform" rating for the company in a research note on Wednesday. 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. Finally, BMO Capital Markets upped their price target on Metro from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th.

Metro Stock Performance

TSE MRU opened at C$94.48 on Thursday. Metro has a twelve month low of C$81.01 and a twelve month high of C$109.20. The stock has a market capitalization of C$20.55 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 4.06 and a beta of 0.22. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The stock has a 50-day moving average of C$96.60 and a 200 day moving average of C$101.46.

Metro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Wednesday, November 12th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, October 23rd. Metro's dividend payout ratio is presently 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.

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