Metro Inc. (TSE:MRU) Receives Consensus Recommendation of “Hold” from Analysts

Metro Inc. (TSE:MRU) has been assigned an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$93.56.

Several analysts recently commented on MRU shares. UBS Group upped their price target on shares of Metro from C$98.00 to C$99.00 in a research report on Thursday, January 30th. National Bankshares upped their target price on shares of Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a report on Monday, January 13th. BMO Capital Markets raised Metro from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$92.00 to C$96.00 in a report on Thursday, January 30th. Finally, Scotiabank upped their price objective on Metro from C$98.00 to C$100.00 in a research note on Thursday, January 30th.

Metro Trading Up 0.9 %

MRU opened at C$97.75 on Friday. The firm has a market cap of C$21.62 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. Metro has a 52 week low of C$69.19 and a 52 week high of C$98.04. The business’s 50 day moving average is C$93.43 and its two-hundred day moving average is C$89.64. The company has a quick ratio of 0.41, a current ratio of 1.35 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. Shareholders of record on Tuesday, March 11th were given a $0.37 dividend. This is a boost from Metro’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, February 13th. This represents a $1.48 annualized dividend and a yield of 1.51%. Metro’s dividend payout ratio is presently 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.