Metro (TSE:MRU) Price Target Raised to C$91.00

Metro (TSE:MRU) had its price objective raised by CIBC from C$86.00 to C$91.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on MRU. Cfra upped their price target on shares of Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. National Bankshares raised their target price on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. BMO Capital Markets upped their price target on Metro from C$82.00 to C$85.00 in a research report on Thursday, August 15th. Royal Bank of Canada raised their price objective on Metro from C$84.00 to C$90.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Desjardins upped their target price on Metro from C$75.00 to C$80.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Metro currently has an average rating of “Hold” and an average target price of C$87.50.

Metro Stock Performance

Shares of MRU stock opened at C$89.73 on Thursday. The firm has a market capitalization of C$19.97 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. The business’s 50-day moving average price is C$84.71 and its 200-day moving average price is C$80.86. Metro has a 12 month low of C$65.43 and a 12 month high of C$90.72.

Metro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 12th were issued a $0.335 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.34 dividend on an annualized basis and a yield of 1.49%. Metro’s payout ratio is currently 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.