Metro Inc. (TSE:MRU) Receives Average Rating of “Hold” from Analysts

Metro Inc. (TSE:MRUGet Rating) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$76.44.

MRU has been the subject of several recent analyst reports. National Bankshares upped their price objective on shares of Metro from C$75.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Thursday, November 17th. Canaccord Genuity Group upped their price objective on shares of Metro from C$71.00 to C$72.00 in a report on Thursday, November 17th. Scotiabank upped their price objective on shares of Metro from C$77.00 to C$79.00 in a report on Thursday, November 17th. CIBC decreased their price objective on shares of Metro from C$73.00 to C$71.00 and set a “neutral” rating for the company in a report on Thursday, August 11th. Finally, Desjardins upped their price objective on shares of Metro from C$70.00 to C$73.00 in a report on Thursday, August 11th.

Metro Stock Performance

MRU stock opened at C$77.25 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 62.28. The company has a market capitalization of C$18.18 billion and a price-to-earnings ratio of 21.46. Metro has a 12 month low of C$60.59 and a 12 month high of C$78.26. The firm has a 50 day moving average of C$71.37 and a two-hundred day moving average of C$70.38.

Metro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 8th. Shareholders of record on Tuesday, November 8th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, October 20th. Metro’s dividend payout ratio (DPR) is presently 22.22%.

Metro Company Profile

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Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries, as well as Mediterranean and Middle Eastern products.

Further Reading

Analyst Recommendations for Metro (TSE:MRU)

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