Metro Inc. (TSE:MRU - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$89.14 and traded as high as C$95.25. Metro shares last traded at C$94.90, with a volume of 312,663 shares.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Metro from C$98.00 to C$99.00 in a research report on Thursday, January 30th. BMO Capital Markets raised Metro from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from C$92.00 to C$96.00 in a research report on Thursday, January 30th. Scotiabank raised their target price on Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. Finally, National Bankshares upped their price target on Metro from C$89.00 to C$94.00 and gave the stock a "sector perform" rating in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$93.56.
View Our Latest Report on MRU
Metro Trading Up 1.1 %
The firm has a market cap of C$21.23 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The company's fifty day moving average price is C$92.73 and its two-hundred day moving average price is C$89.26.
Metro Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.54%. This is a boost from Metro's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, February 13th. Metro's dividend payout ratio is currently 30.93%.
About Metro
(
Get Free Report)
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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