Metro (TSE:MRU) Stock Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Metro Inc.'s stock price has fallen below its 200-day moving average of C$101.50, trading as low as C$93.10.
• Recent analyst reports show a mixed outlook, with three analysts rating the stock as a Buy and four as a Hold, with an average target price of C$110.13.
• Metro has announced a quarterly dividend of $0.37, providing a 1.6% yield based on its annualized dividend of $1.48.

Metro Inc. (TSE:MRU - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$101.50 and traded as low as C$93.10. Metro shares last traded at C$94.66, with a volume of 1,249,965 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada boosted their target price on Metro from C$98.00 to C$112.00 in a research report on Monday, July 21st. BMO Capital Markets boosted their target price on Metro from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. TD Securities lifted their price objective on Metro from C$112.00 to C$118.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, National Bankshares cut their price objective on Metro from C$111.00 to C$110.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$110.13.

Metro Price Performance

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$20.59 billion, a P/E ratio of 20.53, a PEG ratio of 4.06 and a beta of 0.22. The company has a fifty day moving average price of C$96.85 and a two-hundred day moving average price of C$101.50.

Metro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, November 12th will be paid a $0.37 dividend. The ex-dividend date is Thursday, October 23rd. This represents a $1.48 annualized dividend and a yield of 1.6%. Metro's payout ratio is presently 30.59%.

Metro Company Profile

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.

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