Metro Inc. (TSE:MRU - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$99.27 and traded as high as C$104.43. Metro shares last traded at C$103.85, with a volume of 295,681 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Metro from C$98.00 to C$112.00 in a research note on Monday. National Bankshares lifted their target price 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. Scotiabank increased their price objective on Metro from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. UBS Group increased their price objective on Metro from C$99.00 to C$105.00 in a report on Thursday, April 17th. Finally, CIBC increased their price objective on Metro from C$91.00 to C$106.00 in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$105.78.
View Our Latest Stock Analysis on Metro
Metro Trading Up 0.5%
The firm has a market capitalization of C$23.38 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. The firm's 50-day simple moving average is C$105.29 and its 200-day simple moving average is C$99.48.
Metro Dividend Announcement
The company also recently disclosed 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 annualized dividend and a dividend yield of 1.40%. Metro's dividend payout ratio (DPR) is presently 30.93%.
About Metro
(
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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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