Metro (TSE:MRU) Price Target Raised to C$77.00 at CIBC

Metro (TSE:MRU) had its price objective hoisted by CIBC from C$76.00 to C$77.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

MRU has been the subject of a number of other research reports. Scotiabank reduced their target price on Metro from C$74.50 to C$74.00 and set a sector perform rating for the company in a report on Monday. Royal Bank of Canada dropped their price target on Metro from C$83.00 to C$82.00 and set a sector perform rating on the stock in a research note on Wednesday, January 31st. Desjardins raised their price target on Metro from C$74.00 to C$75.00 and gave the stock a hold rating in a research note on Thursday. TD Securities raised their price target on Metro from C$78.00 to C$80.00 in a research note on Thursday. Finally, BMO Capital Markets raised their price target on Metro from C$73.00 to C$75.00 in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of C$77.86.

Metro Stock Up 1.0 %

Metro stock opened at C$70.95 on Thursday. The firm has a market cap of C$16.11 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.12 and a beta of 0.04. The stock has a fifty day simple moving average of C$72.19 and a two-hundred day simple moving average of C$70.61. Metro has a 12 month low of C$65.43 and a 12 month high of C$78.88. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 65.71.

Metro (TSE:MRU) last posted its earnings results on Wednesday, April 24th. The company reported C$0.91 EPS for the quarter, hitting analysts’ consensus estimates of C$0.91. The business had revenue of C$4.66 billion during the quarter, compared to analyst estimates of C$4.63 billion. Metro had a return on equity of 15.00% and a net margin of 4.81%. Equities analysts predict that Metro will post 4.2576393 EPS for the current fiscal year.

Metro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a dividend of $0.335 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.34 annualized dividend and a yield of 1.89%. Metro’s dividend payout ratio (DPR) is presently 30.66%.

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.