Metro (TSE:MRU – Free Report) had its price target hoisted by TD Securities from C$78.00 to C$80.00 in a research report report published on Thursday morning, BayStreet.CA reports.
Other research analysts also recently issued research reports about the company. Scotiabank dropped their price target on Metro from C$74.50 to C$74.00 and set a sector perform rating for the company in a research note on Monday. BMO Capital Markets boosted their price target on Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. Royal Bank of Canada lowered their target price on Metro from C$83.00 to C$82.00 and set a sector perform rating for the company in a research note on Wednesday, January 31st. Finally, National Bankshares boosted their target price on Metro from C$80.00 to C$81.00 and gave the stock a sector perform rating in a research note on Monday, January 15th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, Metro presently has an average rating of Hold and a consensus price target of C$77.86.
Read Our Latest Research Report on MRU
Metro Stock Up 1.0 %
Metro (TSE:MRU – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, meeting analysts’ consensus estimates of C$0.91. The business had revenue of C$4.66 billion during the quarter, compared to the consensus estimate of C$4.63 billion. Metro had a return on equity of 15.00% and a net margin of 4.81%. On average, equities analysts expect that Metro will post 4.2576393 EPS for the current year.
Metro Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, May 14th. Metro’s dividend payout ratio (DPR) is currently 30.66%.
Metro Company Profile
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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