Metro - MRU Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Metro in the last year. There are currently 7 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MRU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRU, but not buy additional shares or sell existing shares.
View MRU analyst ratings or view top-rated stocks.

7 brokerages have issued 1 year price objectives for Metro's shares. Their MRU share price forecasts range from C$71.00 to C$80.00. On average, they predict the company's share price to reach C$76.67 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
View analysts price targets for MRU or view top-rated stocks among Wall Street analysts.

Metro's stock was trading at C$74.97 at the beginning of 2023. Since then, MRU stock has decreased by 4.1% and is now trading at C$71.93.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our MRU earnings forecast.

Metro Inc. (TSE:MRU) announced its earnings results on Tuesday, January, 24th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. The company earned $4.67 billion during the quarter, compared to the consensus estimate of $4.62 billion. Metro had a net margin of 4.52% and a trailing twelve-month return on equity of 13.28%.

Metro declared a quarterly dividend on Wednesday, February 8th. Investors of record on Monday, March 6th will be paid a dividend of 0.303 per share on Monday, March 6th. This represents a $1.21 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, February 8th. This is a positive change from the stock's previous quarterly dividend of C$0.28.
Read our dividend analysis for MRU.

Metro (TSE:MRU) pays an annual dividend of C$1.21 per share and currently has a dividend yield of 1.72%. The dividend payout ratio is 33.61%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MRU.

Based on aggregate information from My MarketBeat watchlists, some companies that other Metro investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Canadian National Railway (CNR), Royal Bank of Canada (RY), BCE (BCE), Dollarama (DOL), National Bank of Canada (NA), Toronto-Dominion Bank (TD), Alimentation Couche-Tard (ATD.B) and Bank of Montreal (BMO).

Metro trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MRU."

Shares of MRU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of MRU stock can currently be purchased for approximately C$71.93.

Metro (TSE:MRU) has a market capitalization of C$16.91 billion and generates C$19.24 billion in revenue each year. The company earns C$869.20 million in net income (profit) each year or C$3.60 on an earnings per share basis.

The company employs 90,000 workers across the globe.

Metro's mailing address is 11011 Maurice-Duplessis Blvd, MONTREAL, QC H1C 1V6, Canada. The official website for the company is www.metro.ca. The company can be reached via phone at +1-514-6431000.