Metro (TSE:MRU) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Metro Inc. (TSE:MRU - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$86.74 and traded as high as C$92.98. Metro shares last traded at C$91.73, with a volume of 272,186 shares traded.

Analyst Ratings Changes

Several research analysts have recently commented on MRU shares. CIBC lifted their price target on shares of Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. BMO Capital Markets upgraded Metro from a "market perform" rating to an "outperform" rating and increased their price target for the stock from C$92.00 to C$96.00 in a research report on Thursday, January 30th. Scotiabank upped their price objective on Metro from C$98.00 to C$100.00 in a research note on Thursday, January 30th. UBS Group increased their price objective on shares of Metro from C$98.00 to C$99.00 in a report on Thursday, January 30th. Finally, Royal Bank of Canada downgraded Metro from a "moderate buy" rating to a "hold" rating in a research report on Thursday, November 21st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Metro presently has an average rating of "Hold" and a consensus target price of C$93.56.

Metro Stock Down 0.2 %

The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. The business's fifty day moving average price is C$91.28 and its two-hundred day moving average price is C$86.94. The firm has a market cap of C$20.44 billion, a P/E ratio of 22.45, a P/E/G ratio of 4.06 and a beta of 0.08.

Metro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.37 per share. This is an increase from Metro's previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, February 13th. Metro's dividend payout ratio is currently 32.76%.

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.