TD Securities Forecasts Strong Price Appreciation for Metro (TSE:MRU) Stock

Metro (TSE:MRU - Free Report) had its price objective lifted by TD Securities from C$99.00 to C$112.00 in a report released on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on the stock. Desjardins increased their price objective on shares of Metro from C$95.00 to C$105.00 and gave the company a "hold" rating in a report on Thursday, April 17th. National Bankshares raised their target price on shares of Metro from C$102.00 to C$107.00 and gave the stock a "sector perform" rating in a report on Thursday, April 17th. BMO Capital Markets boosted their price objective on Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. UBS Group upped their target price on shares of Metro from C$99.00 to C$105.00 in a research note on Thursday, April 17th. Finally, Royal Bank of Canada lifted their price target on shares of Metro from C$90.00 to C$98.00 in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$104.22.

Metro Price Performance

TSE MRU traded up C$0.37 during trading hours on Monday, reaching C$102.86. The company's stock had a trading volume of 43,836 shares, compared to its average volume of 526,366. Metro has a 1 year low of C$69.64 and a 1 year high of C$105.54. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. The company has a market capitalization of C$22.75 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 4.06 and a beta of 0.08. The firm's 50-day moving average price is C$97.13 and its 200-day moving average price is C$91.81.

Metro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 11th were issued a $0.37 dividend. The ex-dividend date was Thursday, February 13th. This is an increase from Metro's previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.44%. Metro's dividend payout ratio (DPR) 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.