Metro Inc. (TSE:MRU) Receives C$77.86 Average Price Target from Brokerages

Shares of Metro Inc. (TSE:MRU - Get Free Report) have been assigned an average rating of "Hold" from the seven research firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$77.86.

A number of brokerages have weighed in on MRU. TD Securities boosted their price target on Metro from C$78.00 to C$80.00 in a research report on Thursday, April 25th. National Bankshares raised their price target on Metro from C$80.00 to C$82.00 and gave the company a "sector perform" rating in a report on Thursday, April 25th. Scotiabank decreased their price objective on shares of Metro from C$74.50 to C$74.00 and set a "sector perform" rating on the stock in a report on Monday, April 22nd. Desjardins raised their target price on shares of Metro from C$74.00 to C$75.00 and gave the stock a "hold" rating in a research note on Thursday, April 25th. Finally, CIBC boosted their price target on Metro from C$76.00 to C$77.00 and gave the company a "neutral" rating in a research note on Thursday, April 25th.

Metro Stock Down 0.3 %

Shares of TSE:MRU traded down C$0.24 during midday trading on Friday, reaching C$75.79. 399,386 shares of the company were exchanged, compared to its average volume of 453,336. The firm has a market cap of C$17.10 billion, a PE ratio of 17.75, a P/E/G ratio of 2.12 and a beta of 0.05. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 64.39. Metro has a fifty-two week low of C$65.43 and a fifty-two week high of C$76.51. The stock has a fifty day simple moving average of C$73.46 and a two-hundred day simple moving average of C$71.55.

Metro (TSE:MRU - Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported C$0.91 earnings per share for the quarter, meeting analysts' consensus estimates of C$0.91. Metro had a net margin of 4.64% and a return on equity of 14.55%. The business had revenue of C$4.66 billion during the quarter, compared to the consensus estimate of C$4.63 billion. As a group, sell-side analysts forecast that Metro will post 4.2740275 earnings per share for the current year.

Metro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, June 4th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Tuesday, May 14th. Metro's dividend payout ratio is currently 31.38%.

About Metro

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.