Metro (TSE:MRU) Sets New 12-Month Low - Should You Sell?

Metro Inc. (TSE:MRU - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$95.42, with a volume of 318932 shares trading hands. The stock had previously closed at C$95.72.

Analyst Ratings Changes

MRU has been the subject of a number of research reports. UBS Group increased their price target on shares of Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. Scotiabank increased their target price on Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. CIBC lifted their price target on Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. BMO Capital Markets raised Metro from a "market perform" rating to an "outperform" rating and upped their price target for the stock from C$92.00 to C$96.00 in a research note on Thursday, January 30th. Finally, National Bankshares raised their price objective on Metro from C$89.00 to C$94.00 and gave the company a "sector perform" rating in a research report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Metro has a consensus rating of "Hold" and a consensus target price of C$93.56.

Metro Stock Down 0.2 %

The company has a market cap 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. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The company's 50-day moving average is C$91.91 and its two-hundred day moving average is C$88.44.

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Metro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from Metro's previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.54%. Metro's payout ratio is currently 30.93%.

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.