Metro Inc. (TSE:MRU - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$80.48 and traded as high as C$87.08. Metro shares last traded at C$86.28, with a volume of 530,381 shares changing hands.
Analyst Ratings Changes
A number of research analysts have recently weighed in on MRU shares. National Bankshares raised their price objective on shares of Metro from C$85.00 to C$88.00 in a research note on Thursday, August 15th. BMO Capital Markets raised their price objective on shares of Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. CIBC raised their price objective on shares of Metro from C$77.00 to C$86.00 in a research note on Thursday, August 15th. Royal Bank of Canada raised their price objective on shares of Metro from C$84.00 to C$90.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Desjardins raised their price objective on shares of Metro from C$75.00 to C$80.00 and gave the stock a "hold" rating in a research note on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$85.00.
Read Our Latest Stock Analysis on Metro
Metro Stock Performance
The stock's 50-day moving average is C$84.58 and its 200-day moving average is C$80.58. The stock has a market cap of C$19.38 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41.
Metro Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 12th were issued a $0.335 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.54%. Metro's dividend payout ratio (DPR) is presently 32.76%.
About Metro
(
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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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