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

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

A number of equities analysts have commented on the stock. CIBC boosted their price target on shares of Metro from C$91.00 to C$106.00 in a research note on Thursday, April 17th. UBS Group increased their price objective on Metro from C$99.00 to C$105.00 in a research note on Thursday, April 17th. BMO Capital Markets lifted their target price on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. Royal Bank of Canada upped their price target on shares of Metro from C$90.00 to C$98.00 in a report on Monday, April 14th. Finally, National Bankshares raised their price target on shares of Metro from C$102.00 to C$107.00 and gave the stock a "sector perform" rating in a report on Thursday, April 17th.

Metro Stock Performance

Shares of TSE:MRU traded down C$0.42 during trading on Friday, hitting C$104.34. 282,855 shares of the company were exchanged, compared to its average volume of 513,767. Metro has a 52-week low of C$72.64 and a 52-week high of C$109.20. The stock has a 50 day moving average of C$103.54 and a 200 day moving average of C$96.64. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The company has a market cap of C$23.07 billion, a PE ratio of 24.09, a P/E/G ratio of 4.06 and a beta of 0.08.

Metro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, May 7th. Metro's payout ratio 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.