Analysts Set Metro Inc. (TSE:MRU) Price Target at C$87.50

Shares of Metro Inc. (TSE:MRU) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$87.50.

Several research analysts have recently weighed in on MRU shares. BMO Capital Markets upped their target price on shares of Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. Cfra increased their price objective on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. Royal Bank of Canada downgraded shares of Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Desjardins increased their price objective on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Finally, National Bankshares increased their price objective on shares of Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th.

Metro Price Performance

Shares of MRU stock opened at C$92.23 on Monday. The company has a market capitalization of C$20.53 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The firm has a fifty day simple moving average of C$85.05 and a 200-day simple moving average of C$81.23. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. Metro has a twelve month low of C$65.43 and a twelve month high of C$92.47.

Metro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.335 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.34 annualized dividend and a yield of 1.45%. 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.