Metro Inc. (TSE:MRU) Given Consensus Rating of "Hold" by Analysts

Key Points

• Metro Inc. has received a consensus recommendation of "Hold" from seven research firms, with four ratings as "hold" and three as "buy."
• The average 1-year target price for Metro stock is C$106.44, following various analysts raising their price targets recently.
• Metro announced a quarterly dividend of $0.37, which represents an annualized yield of 1.4% and a dividend payout ratio of 30.93%.

Metro Inc. (TSE:MRU - Get Free Report) has received a consensus recommendation of "Hold" from the seven ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$107.44.

A number of analysts recently commented on the stock. TD Securities upped their price objective on shares of Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Desjardins increased their target price on Metro from C$95.00 to C$105.00 and gave the stock a "hold" rating in a report on Thursday, April 17th. UBS Group increased their target price on Metro from C$99.00 to C$105.00 in a report on Thursday, April 17th. Scotiabank increased their price objective on shares of Metro from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Finally, BMO Capital Markets increased their price objective on shares of Metro from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a research note on Tuesday.

Metro Trading Up 0.2%

Shares of Metro stock traded up C$0.17 on Friday, hitting C$107.07. 95,858 shares of the company's stock traded hands, compared to its average volume of 476,232. The firm's 50-day moving average price is C$105.31 and its two-hundred day moving average price is C$100.31. The stock has a market capitalization of C$23.68 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a one year low of C$78.59 and a one year high of C$109.20. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41.

About Metro

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.