Metro (TSE:MRU) Price Target Raised to C$95.00

Metro (TSE:MRU) had its price objective boosted by Desjardins from C$85.00 to C$95.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the company. CIBC lifted their price objective on Metro from C$86.00 to C$91.00 in a report on Thursday. National Bankshares lifted their price objective on Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. BMO Capital Markets lifted their price objective on Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. Royal Bank of Canada lifted their price objective on Metro from C$84.00 to C$90.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Cfra lifted their price objective 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 assigned a buy rating to the company. Based on data from MarketBeat, Metro currently has an average rating of “Hold” and a consensus target price of C$87.50.

Metro Stock Performance

Shares of MRU stock opened at C$89.73 on Friday. The stock has a market capitalization of C$19.97 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a 52-week low of C$65.43 and a 52-week high of C$90.72. The stock’s 50-day moving average price is C$84.71 and its 200 day moving average price is C$80.91. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18.

Metro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors 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 annualized dividend and a yield of 1.49%. Metro’s dividend 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.