Metro (TSE:MRU) Price Target Raised to C$105.00

Metro (TSE:MRU) had its target price hoisted by UBS Group from C$99.00 to C$105.00 in a report issued on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on MRU. BMO Capital Markets upped their price objective on shares of Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. Royal Bank of Canada increased their price target on shares of Metro from C$90.00 to C$98.00 in a research note on Monday. Scotiabank lifted their price target on shares of Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. Finally, National Bankshares upped their price objective on Metro from C$94.00 to C$102.00 and gave the company a “sector perform” rating in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Metro has a consensus rating of “Hold” and a consensus target price of C$102.00.

Metro Stock Performance

TSE MRU opened at C$102.08 on Thursday. Metro has a fifty-two week low of C$69.19 and a fifty-two week high of C$103.59. The firm has a market capitalization of C$22.58 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The stock’s fifty day moving average is C$95.98 and its two-hundred day moving average is C$91.14. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35.

Metro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This is a boost from Metro’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. Metro’s payout ratio is presently 30.93%.

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.