Metro Inc. (TSE:MRU) Given Consensus Rating of "Hold" by Analysts

Shares of Metro Inc. (TSE:MRU - Get Free Report) have been given an average recommendation of "Hold" by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$93.56.

A number of brokerages recently weighed in on MRU. CIBC increased their price target on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. National Bankshares increased their price target on shares of Metro from C$89.00 to C$94.00 and gave the company a "sector perform" rating in a research report on Monday, January 13th. UBS Group increased their target price on Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. BMO Capital Markets raised Metro from a "market perform" rating to an "outperform" rating and increased their target price for the stock from C$92.00 to C$96.00 in a research note on Thursday, January 30th. Finally, Desjardins increased their target price on Metro from C$85.00 to C$95.00 in a research note on Friday, November 22nd.

Metro Trading Down 0.2 %

Shares of TSE:MRU traded down C$0.21 during mid-day trading on Friday, reaching C$91.82. The stock had a trading volume of 388,940 shares, compared to its average volume of 417,628. The firm has a market cap of C$20.44 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The firm has a 50 day simple moving average of C$91.28 and a two-hundred day simple moving average of C$86.94. The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. Metro has a twelve month low of C$68.12 and a twelve month high of C$94.86.

Metro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.37 per share. This is a boost from Metro's previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, February 13th. Metro's dividend payout ratio (DPR) is currently 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.