Metro Inc. (TSE:MRU - Get Free Report) has received a consensus rating of "Hold" from the eight brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$93.56.
MRU has been the subject of a number of recent research reports. CIBC lifted their price objective on Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. UBS Group boosted their price target on Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. National Bankshares boosted their price target on Metro from C$89.00 to C$94.00 and gave the stock a "sector perform" rating in a research note on Monday, January 13th. Royal Bank of Canada cut Metro from a "moderate buy" rating to a "hold" rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets upgraded Metro from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from C$92.00 to C$96.00 in a research note on Thursday, January 30th.
Read Our Latest Stock Analysis on Metro
Metro Stock Down 0.2 %
TSE:MRU traded down C$0.18 during trading hours on Wednesday, reaching C$96.13. 316,222 shares of the company traded hands, compared to its average volume of 489,237. The business's 50-day moving average price is C$92.01 and its two-hundred day moving average price is C$88.53. The stock has a market capitalization of C$21.26 billion, a P/E ratio of 22.19, a P/E/G ratio of 4.06 and a beta of 0.08. Metro has a 1 year low of C$69.19 and a 1 year high of C$97.25. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, March 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, February 13th. This is a boost from Metro's previous quarterly dividend of $0.34. Metro's dividend payout ratio is 30.93%.
About Metro
(
Get Free ReportMetro 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.
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