Metro (TSE:MRU) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Metro Inc. (TSE:MRU - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$88.78 and traded as high as C$93.71. Metro shares last traded at C$93.36, with a volume of 676,677 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on MRU. National Bankshares upped their price objective on shares of Metro from C$89.00 to C$94.00 and gave the company a "sector perform" rating in a report on Monday, January 13th. Scotiabank increased their price target on shares of Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. CIBC increased their price target on shares of Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Desjardins increased their price target on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Finally, Royal Bank of Canada downgraded shares of Metro from a "moderate buy" rating to a "hold" rating in a report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Metro currently has a consensus rating of "Hold" and an average target price of C$93.56.

Metro Stock Up 0.7 %

The stock has a market capitalization of C$20.65 billion, a price-to-earnings ratio of 21.55, 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 quick ratio of 0.41 and a current ratio of 1.35. The business has a 50-day moving average of C$92.23 and a 200-day moving average of C$88.78.

Metro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, March 11th were given a $0.37 dividend. This is an increase from Metro's previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, February 13th. Metro's 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.

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