Metro (TSE:MRU) Given New C$110.00 Price Target at BMO Capital Markets

Metro (TSE:MRU - Free Report) had its target price hoisted by BMO Capital Markets from C$96.00 to C$110.00 in a research report report published on Friday morning,BayStreet.CA reports.

Several other equities analysts have also issued reports on MRU. UBS Group boosted their target price on Metro from C$98.00 to C$99.00 in a research report on Thursday, January 30th. Scotiabank boosted their price objective on shares of Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. Finally, National Bankshares increased their target price on shares of Metro from C$94.00 to C$102.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$96.00.

Metro Trading Down 0.2 %

Shares of TSE:MRU traded down C$0.19 during midday trading on Friday, hitting C$96.75. The company had a trading volume of 689,884 shares, compared to its average volume of 526,379. 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 has a 12 month low of C$69.19 and a 12 month high of C$103.59. The firm has a fifty day simple moving average of C$94.79 and a 200 day simple moving average of C$90.43. The stock has a market cap of C$21.40 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 4.06 and a beta of 0.08.

Metro Increases Dividend

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