Metro (TSE:MRU) Hits New 1-Year Low – Here’s What Happened

Shares of Metro Inc. (TSE:MRU) hit a new 52-week low during trading on Monday . The company traded as low as C$0.01 and last traded at C$95.42, with a volume of 318932 shares traded. The stock had previously closed at C$95.72.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group raised their price objective on shares of Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. Royal Bank of Canada lowered shares of Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Desjardins upped their price objective on shares of Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. CIBC lifted their target price on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. Finally, National Bankshares upped their price target 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. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Metro currently has an average rating of “Hold” and a consensus price target of C$93.56.

Metro Stock Down 0.1 %

The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. The business has a fifty day simple moving average of C$91.55 and a two-hundred day simple moving average of C$88.18. The company has a market capitalization of C$21.15 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 4.06 and a beta of 0.08.

Metro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, March 11th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from Metro’s previous quarterly dividend of $0.34. Metro’s dividend payout ratio (DPR) is 30.93%.

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.