Metro (TSE:MRU) Stock Passes Above Two Hundred Day Moving Average of $77.11

Metro Inc. (TSE:MRU)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$77.11 and traded as high as C$86.06. Metro shares last traded at C$84.84, with a volume of 478,747 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MRU shares. TD Securities upgraded shares of Metro from a “hold” rating to a “buy” rating and boosted their target price for the company from C$80.00 to C$92.00 in a research note on Monday, July 22nd. National Bankshares boosted their price target on shares of Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. Royal Bank of Canada raised their price objective on shares of Metro from C$82.00 to C$84.00 in a report on Friday, July 12th. CIBC boosted their target price on Metro from C$77.00 to C$86.00 in a report on Thursday, August 15th. Finally, Cfra raised their price target on Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$84.25.

Metro Trading Down 0.9 %

The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The business’s fifty day moving average is C$83.43 and its two-hundred day moving average is C$77.20. The firm has a market cap of C$18.89 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.12 and a beta of 0.08.

Metro (TSE:MRU) last released its earnings results on Wednesday, August 14th. The company reported C$1.35 earnings per share for the quarter, hitting analysts’ consensus estimates of C$1.35. The company had revenue of C$6.65 billion during the quarter, compared to the consensus estimate of C$6.58 billion. Metro had a return on equity of 13.74% and a net margin of 4.36%. Equities analysts anticipate that Metro Inc. will post 4.7132311 earnings per share for the current fiscal year.

Metro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 24th were given a dividend of $0.335 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.34 dividend on an annualized basis and a yield of 1.58%. Metro’s payout ratio is presently 32.76%.

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.