Metro (TSE:MRU) Hits New 52-Week High – Here’s What Happened

Shares of Metro Inc. (TSE:MRU) reached a new 52-week high during trading on Wednesday . The company traded as high as C$97.29 and last traded at C$97.21, with a volume of 44819 shares. The stock had previously closed at C$96.66.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MRU shares. BMO Capital Markets upgraded shares of Metro from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$92.00 to C$96.00 in a report on Thursday, January 30th. Scotiabank upped their target price on Metro from C$98.00 to C$100.00 in a research note on Thursday, January 30th. UBS Group raised their price target on Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. Finally, National Bankshares boosted their price objective 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 given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$93.56.

Metro Trading Up 0.9 %

The firm has a market capitalization of C$21.62 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The stock has a 50-day simple moving average of C$93.28 and a two-hundred day simple moving average of C$89.52. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29.

Metro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, February 13th. This is an increase from Metro’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. Metro’s dividend payout ratio (DPR) is currently 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.