Metro Inc. (TSE:MRU) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Metro Inc. (TSE:MRU - Get Free Report) have been assigned an average recommendation of "Hold" from the seven analysts that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$87.50.

Several equities research analysts have commented on the stock. Cfra upped their target price on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. Desjardins raised their price objective on Metro from C$85.00 to C$95.00 in a research note on Friday. BMO Capital Markets lifted their target price on Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. National Bankshares increased their price target on Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. Finally, Royal Bank of Canada cut Metro from a "moderate buy" rating to a "hold" rating in a report on Thursday.

Metro Trading Down 0.1 %

Shares of Metro stock traded down C$0.11 during trading on Monday, hitting C$89.62. 1,665,846 shares of the company were exchanged, compared to its average volume of 453,649. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. The firm has a market capitalization of C$19.95 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The firm's fifty day moving average price is C$84.77 and its 200 day moving average price is C$81.03. Metro has a 1-year low of C$65.43 and a 1-year high of C$90.72.

Metro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.34 annualized dividend and a dividend yield of 1.50%. Metro's dividend payout ratio is currently 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.