Brokerages Set Metro Inc. (TSE:MRU) Target Price at C$93.56

Shares of Metro Inc. (TSE:MRU) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$93.56.

Several equities research analysts have recently commented on MRU shares. National Bankshares increased their price objective on Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a report on Monday, January 13th. UBS Group upped their price target on shares of Metro from C$98.00 to C$99.00 in a research report on Thursday, January 30th. Scotiabank lifted their price objective on shares of Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. Finally, BMO Capital Markets raised shares of Metro from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$92.00 to C$96.00 in a report on Thursday, January 30th.

Metro Stock Performance

Shares of TSE MRU opened at C$100.02 on Friday. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The stock has a 50 day moving average price of C$93.82 and a 200 day moving average price of C$89.85. The stock has a market capitalization of C$22.12 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a 52 week low of C$69.19 and a 52 week high of C$101.53.

Metro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, February 13th. This is a boost from Metro’s previous quarterly dividend of $0.34. Metro’s dividend payout ratio (DPR) is currently 30.93%.

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.