Brokerages Set Metro Inc. (TSE:MRU) PT at C$84.25

Shares of Metro Inc. (TSE:MRU - Get Free Report) have been assigned an average recommendation of "Hold" from the seven research firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$84.25.

A number of research analysts have issued reports on MRU shares. Cfra boosted their target price on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday. Royal Bank of Canada boosted their target price on shares of Metro from C$82.00 to C$84.00 in a research note on Friday, July 12th. CIBC boosted their target price on shares of Metro from C$77.00 to C$86.00 in a research note on Thursday. Scotiabank reduced their target price on shares of Metro from C$74.50 to C$74.00 and set a "sector perform" rating for the company in a research note on Monday, April 22nd. Finally, National Bankshares boosted their price target on shares of Metro from C$85.00 to C$88.00 in a research report on Thursday.

Metro Stock Performance

Shares of TSE MRU traded down C$0.24 during midday trading on Friday, hitting C$83.91. The company's stock had a trading volume of 303,179 shares, compared to its average volume of 431,874. Metro has a 1-year low of C$65.43 and a 1-year high of C$84.78. The firm's fifty day moving average price is C$78.60 and its 200-day moving average price is C$74.50. The company has a debt-to-equity ratio of 64.39, a quick ratio of 0.41 and a current ratio of 1.12. The firm has a market cap of C$18.93 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.12 and a beta of 0.05.

Metro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Thursday, September 5th will be given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, September 5th. Metro's payout ratio is presently 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.