Brokerages Set Metro Inc. (TSE:MRU) Price Target at C$89.33

Shares of Metro Inc. (TSE:MRU - Get Free Report) have received a consensus rating of "Hold" from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$89.33.

Several analysts have commented on MRU shares. CIBC lifted their price objective on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st. Desjardins increased their price target on Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. National Bankshares boosted their price objective on Metro from C$89.00 to C$94.00 and gave the company a "sector perform" rating in a report on Monday. UBS Group set a C$98.00 price target on Metro and gave the company a "neutral" rating in a research report on Friday, December 13th. Finally, Royal Bank of Canada lowered Metro from a "moderate buy" rating to a "hold" rating in a research report on Thursday, November 21st.

Metro Stock Performance

MRU stock traded down C$1.17 during midday trading on Tuesday, reaching C$89.04. The stock had a trading volume of 392,777 shares, compared to its average volume of 348,648. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. The firm has a fifty day simple moving average of C$90.22 and a two-hundred day simple moving average of C$85.39. The stock has a market cap of C$19.82 billion, a PE ratio of 21.77, a P/E/G ratio of 4.06 and a beta of 0.08. Metro has a 52-week low of C$67.85 and a 52-week high of C$94.86.

Metro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th were paid a $0.335 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.34 dividend on an annualized basis and a 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.