Shares of Metro Inc. (TSE:MRU - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$97.14 and traded as high as C$104.82. Metro shares last traded at C$103.66, with a volume of 806,810 shares changing hands.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. UBS Group upped their price objective on Metro from C$99.00 to C$105.00 in a report on Thursday, April 17th. CIBC upped their price target on shares of Metro from C$91.00 to C$106.00 in a report on Thursday, April 17th. Scotiabank raised their price objective on shares of Metro from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. TD Securities boosted their target price on shares of Metro from C$99.00 to C$112.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Desjardins increased 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. 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, Metro has an average rating of "Hold" and a consensus target price of C$104.22.
Get Our Latest Research Report on MRU
Metro Stock Performance
The firm's fifty day simple moving average is C$104.46 and its 200 day simple moving average is C$97.27. The company has a market capitalization of C$23.60 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41.
Metro Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 27th were given a $0.37 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.48 annualized dividend and a dividend yield of 1.39%. Metro's dividend payout ratio (DPR) is presently 30.93%.
Metro Company Profile
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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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