Metro (TSE:MRU) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Metro Inc. (TSE:MRU - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$90.74 and traded as high as C$99.39. Metro shares last traded at C$98.84, with a volume of 505,051 shares traded.

Analyst Ratings Changes

A number of analysts have commented on MRU shares. BMO Capital Markets increased their price target on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. UBS Group raised their target price on shares of Metro from C$98.00 to C$99.00 in a research note on Thursday, January 30th. Scotiabank boosted their price target on Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. National Bankshares upped their price objective on Metro from C$94.00 to C$102.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada lifted their target price on Metro from C$90.00 to C$98.00 in a research note on Monday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$96.89.

Metro Stock Up 0.8 %

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 has a market cap of C$22.54 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 4.06 and a beta of 0.08. The firm has a 50-day moving average price of C$95.78 and a 200 day moving average price of C$91.03.

Metro Increases Dividend

The firm 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. This is a positive change from Metro's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, February 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.45%. Metro's dividend payout ratio (DPR) is presently 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.