Metro (TSE:MRU) Shares Cross Above 200 Day Moving Average - Here's What Happened

Shares of Metro Inc. (TSE:MRU - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$96.53 and traded as high as C$105.45. Metro shares last traded at C$104.02, with a volume of 390,985 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MRU. BMO Capital Markets lifted their price objective on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. Scotiabank increased their price target on Metro from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. National Bankshares boosted their price objective 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. CIBC upped their target price on shares of Metro from C$91.00 to C$106.00 in a report on Thursday, April 17th. Finally, UBS Group increased their target price on shares of Metro from C$99.00 to C$105.00 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$104.22.

Metro Price Performance

The business has a fifty day moving average of C$103.39 and a 200-day moving average of C$96.53. 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 firm has a market cap of C$23.17 billion, a PE ratio of 24.18, a PEG ratio of 4.06 and a beta of 0.08.

Metro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.37 per share. 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 dividend payout ratio (DPR) is currently 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.