Metro (TSE:MRU) Shares Cross Above 200 Day Moving Average - Time to Sell?

Metro Inc. (TSE:MRU - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$95.88 and traded as high as C$108.19. Metro shares last traded at C$106.90, with a volume of 384,588 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MRU shares. Desjardins lifted their target price on shares of Metro from C$95.00 to C$105.00 and gave the company a "hold" rating in a research note on Thursday, April 17th. Royal Bank of Canada boosted their price target on shares of Metro from C$90.00 to C$98.00 in a research note on Monday, April 14th. BMO Capital Markets boosted their price target on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. National Bankshares boosted their price target on shares of Metro from C$102.00 to C$107.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 17th. Finally, CIBC boosted their price target on shares of Metro from C$91.00 to C$106.00 in a research note on Thursday, April 17th. 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.com, Metro presently has an average rating of "Hold" and an average target price of C$104.22.

Metro Stock Performance

The business's fifty day moving average price is C$103.01 and its two-hundred day moving average price is C$95.95. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The stock has a market capitalization of C$23.32 billion, a P/E ratio of 24.34, a P/E/G ratio of 4.06 and a beta of 0.08.

Metro Announces Dividend

The firm also recently announced 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 of this dividend was Wednesday, May 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. Metro's dividend payout ratio (DPR) is presently 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.