Metro Inc. (TSE:MRU) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Metro Inc. (TSE:MRU - Get Free Report) have been assigned an average recommendation of "Hold" from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price 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. BMO Capital Markets boosted their price objective on Metro from C$96.00 to C$110.00 in a research report on Friday, April 4th. UBS Group boosted their price objective on Metro from C$99.00 to C$105.00 in a research report on Thursday, April 17th. Scotiabank boosted their price objective on 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 boosted their price objective on Metro from C$95.00 to C$105.00 and gave the stock a "hold" rating in a research report on Thursday, April 17th. Finally, National Bankshares boosted their price objective on Metro from C$102.00 to C$107.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 17th.

Metro Stock Up 0.6%

Shares of MRU opened at C$106.09 on Tuesday. The firm has a market cap of C$23.46 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a 12-month low of C$77.47 and a 12-month high of C$109.20. The company's 50-day moving average price is C$105.09 and its 200 day moving average price is C$98.21. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Wednesday, May 7th. Metro's payout ratio 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.

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