Metro (TSE:MRU) PT Lowered to C$74.00 at Scotiabank

Metro (TSE:MRU) had its price target reduced by Scotiabank from C$74.50 to C$74.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

MRU has been the topic of several other research reports. BMO Capital Markets boosted their price target on shares of Metro from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. TD Securities boosted their price target on shares of Metro from C$76.00 to C$78.00 and gave the company a hold rating in a research report on Wednesday, January 31st. Royal Bank of Canada lowered their price target on shares of Metro from C$83.00 to C$82.00 and set a sector perform rating on the stock in a research report on Wednesday, January 31st. Finally, National Bankshares boosted their price target on shares of Metro from C$80.00 to C$81.00 and gave the company a sector perform rating in a research report on Monday, January 15th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of C$77.86.

Metro Trading Up 1.0 %

Shares of MRU opened at C$70.95 on Monday. Metro has a 52-week low of C$65.43 and a 52-week high of C$78.88. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 65.71. The firm’s fifty day moving average is C$72.19 and its two-hundred day moving average is C$70.61. The stock has a market cap of C$16.11 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.12 and a beta of 0.04.

Metro (TSE:MRU) last announced its earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.91. Metro had a net margin of 4.81% and a return on equity of 15.00%. The company had revenue of C$4.66 billion for the quarter, compared to analysts’ expectations of C$4.63 billion. Research analysts forecast that Metro will post 4.2576393 earnings per share for the current fiscal year.

Metro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 12th were given a $0.335 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.34 dividend on an annualized basis and a yield of 1.89%. This is a boost from Metro’s previous quarterly dividend of $0.30. Metro’s dividend payout ratio is presently 30.66%.

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.