Brokerages Set Metro Inc. (TSE:MRU) PT at C$88.67

Metro Inc. (TSE:MRU - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight analysts that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$88.67.

Several research firms recently issued reports on MRU. UBS Group set a C$98.00 target price on shares of Metro and gave the company a "neutral" rating in a report on Friday, December 13th. Desjardins upped their target price on Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. Royal Bank of Canada downgraded Metro from a "moderate buy" rating to a "hold" rating in a report on Thursday, November 21st. Finally, CIBC increased their price target on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st.

Metro Trading Down 1.3 %

Metro stock traded down C$1.22 during mid-day trading on Friday, hitting C$90.43. 1,492,217 shares of the stock were exchanged, compared to its average volume of 457,762. The stock has a market capitalization of C$20.13 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 4.06 and a beta of 0.08. Metro has a 12 month low of C$66.16 and a 12 month high of C$94.86. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The firm's fifty day simple moving average is C$87.74 and its two-hundred day simple moving average is C$83.26.

Metro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, October 24th. Metro's dividend payout ratio (DPR) is presently 32.76%.

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.