Metro (TSE:MRU) Price Target Raised to C$94.00

Metro (TSE:MRU) had its price objective boosted by National Bankshares from C$89.00 to C$94.00 in a research note released on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. UBS Group set a C$98.00 target price on Metro and gave the company a “neutral” rating in a research note on Friday, December 13th. CIBC raised their price target on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. Royal Bank of Canada cut shares of Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, Desjardins raised their price objective on shares of Metro from C$85.00 to C$95.00 in a research note on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$89.33.

Metro Trading Up 0.1 %

TSE MRU opened at C$89.14 on Monday. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. Metro has a one year low of C$67.85 and a one year high of C$94.86. The company has a 50-day simple moving average of C$90.22 and a 200-day simple moving average of C$85.39. The firm has a market capitalization of C$19.84 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08.

Metro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th were given a $0.335 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.34 annualized dividend and a dividend yield of 1.50%. Metro’s dividend payout ratio (DPR) is presently 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.