Metro Inc. (TSE:MRU) Receives C$84.25 Consensus PT from Brokerages

Shares of Metro Inc. (TSE:MRU) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$84.25.

Several equities research analysts have commented on MRU shares. Cfra boosted their price target on shares of Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. TD Securities upgraded Metro from a “hold” rating to a “buy” rating and increased their price objective for the company from C$80.00 to C$92.00 in a research report on Monday, July 22nd. CIBC lifted their target price on Metro from C$77.00 to C$86.00 in a report on Thursday, August 15th. BMO Capital Markets upped their target price on Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. Finally, Desjardins lifted their price target on Metro from C$75.00 to C$80.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th.

Metro Stock Down 0.3 %

Metro stock opened at C$86.46 on Wednesday. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. Metro has a one year low of C$65.43 and a one year high of C$87.22. The company has a 50-day simple moving average of C$82.42 and a 200-day simple moving average of C$76.42. The firm has a market capitalization of C$19.25 billion, a P/E ratio of 21.14, a P/E/G ratio of 2.12 and a beta of 0.08.

Metro (TSE:MRU) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$1.35 earnings per share for the quarter, hitting the consensus estimate of C$1.35. The business had revenue of C$6.65 billion during the quarter, compared to the consensus estimate of C$6.58 billion. Metro had a net margin of 4.36% and a return on equity of 13.74%.

Metro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 24th will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, September 5th. Metro’s payout ratio is 32.76%.

About Metro

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.