Metro Inc. (TSE:MRU - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$98.74 and traded as high as C$106.14. Metro shares last traded at C$104.03, with a volume of 351,596 shares trading hands.
Analysts Set New Price Targets
Several equities analysts recently issued reports on MRU shares. Scotiabank increased their target price on Metro from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. TD Securities increased their target price on Metro from C$99.00 to C$112.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. CIBC increased their target price on Metro from C$91.00 to C$106.00 in a research note on Thursday, April 17th. Desjardins upped their price target on Metro from C$95.00 to C$105.00 and gave the stock a "hold" rating in a report on Thursday, April 17th. Finally, National Bankshares upped their price target on Metro from C$102.00 to C$107.00 and gave the stock a "sector perform" rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Metro currently has a consensus rating of "Hold" and an average target price of C$104.22.
Get Our Latest Stock Analysis on MRU
Metro Trading Up 1.0%
The firm has a market cap of C$23.24 billion, a PE ratio of 24.26, a P/E/G ratio of 4.06 and a beta of 0.08. 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 business has a fifty day moving average price of C$105.07 and a 200 day moving average price of C$98.98.
Metro Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th were issued a $0.37 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.41%. Metro's payout ratio is currently 30.93%.
About Metro
(
Get Free Report)
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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