Metro (TSE:MRU) Sets New 12-Month High - Here's Why

Metro Inc. (TSE:MRU - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$107.90 and last traded at C$107.90, with a volume of 30331 shares. The stock had previously closed at C$106.26.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MRU shares. BMO Capital Markets upped their price objective on Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. National Bankshares increased their price target on Metro from C$102.00 to C$107.00 and gave the company a "sector perform" rating in a report on Thursday, April 17th. UBS Group increased their price target on Metro from C$99.00 to C$105.00 in a report on Thursday, April 17th. Desjardins increased their price target on Metro from C$95.00 to C$105.00 and gave the company a "hold" rating in a report on Thursday, April 17th. Finally, Royal Bank of Canada increased their price target on Metro from C$90.00 to C$98.00 in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Metro has a consensus rating of "Hold" and an average price target of C$104.22.

Metro Stock Performance

The business has a 50-day moving average of C$102.42 and a two-hundred day moving average of C$95.53. The company has a market cap of C$23.77 billion, a P/E ratio of 24.81, a P/E/G ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41.

Metro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 27th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, May 7th. Metro's payout ratio is currently 30.93%.

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.