Metro (TSE:MRU) Price Target Raised to C$102.00 at National Bankshares

Metro (TSE:MRU - Free Report) had its target price raised by National Bankshares from C$94.00 to C$102.00 in a research note released on Wednesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

MRU has been the subject of several other research reports. UBS Group lifted their price objective on Metro from C$98.00 to C$99.00 in a research report on Thursday, January 30th. Scotiabank lifted their price target on Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. Finally, BMO Capital Markets upgraded shares of Metro from a "market perform" rating to an "outperform" rating and raised their price objective for the company from C$92.00 to C$96.00 in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Metro currently has a consensus rating of "Hold" and an average target price of C$96.00.

Metro Price Performance

Shares of TSE MRU traded down C$3.46 during mid-day trading on Wednesday, hitting C$96.96. 941,280 shares of the stock were exchanged, compared to its average volume of 513,892. Metro has a twelve month low of C$69.19 and a twelve month high of C$103.59. The stock's fifty day simple moving average is C$94.41 and its two-hundred day simple moving average is C$90.19. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The company has a market cap of C$21.44 billion, a P/E ratio of 22.38, a PEG ratio of 4.06 and a beta of 0.08.

Metro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th were paid a $0.37 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Metro's previous quarterly dividend of $0.34. Metro's dividend payout ratio is 30.93%.

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.