Metro Inc. (TSE:MRU) Receives Consensus Rating of “Hold” from Brokerages

Shares of Metro Inc. (TSE:MRU) have received a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$87.50.

A number of research analysts recently weighed in on MRU shares. BMO Capital Markets raised their price objective on Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. Desjardins lifted their price target on shares of Metro from C$85.00 to C$95.00 in a research report on Friday. Royal Bank of Canada downgraded shares of Metro from a “moderate buy” rating to a “hold” rating in a report on Thursday. Cfra lifted their target price on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Finally, CIBC upped their price target on shares of Metro from C$86.00 to C$91.00 in a report on Thursday.

Metro Stock Up 0.8 %

Shares of Metro stock opened at C$89.73 on Monday. The firm has a market cap of C$19.97 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 4.06 and a beta of 0.08. The stock has a 50-day simple moving average of C$84.71 and a 200-day simple moving average of C$80.91. Metro has a 52-week low of C$65.43 and a 52-week high of C$90.72. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41.

Metro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 12th were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, October 24th. Metro’s dividend payout ratio (DPR) is presently 32.76%.

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.