Metro (TSE:MRU) Share Price Passes Above 200 Day Moving Average of $77.11

Metro Inc. (TSE:MRU - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$77.11 and traded as high as C$86.06. Metro shares last traded at C$84.84, with a volume of 478,747 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MRU shares. TD Securities upgraded Metro from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$80.00 to C$92.00 in a research report on Monday, July 22nd. BMO Capital Markets upped their price objective on Metro from C$82.00 to C$85.00 in a report on Thursday, August 15th. Cfra raised their target price on Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. National Bankshares boosted their target price on shares of Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. Finally, Desjardins increased their price target on shares of Metro from C$75.00 to C$80.00 and gave the company a "hold" rating in a report on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$84.25.

Metro Stock Down 0.9 %

The company has a current ratio of 1.10, a quick ratio of 0.41 and a debt-to-equity ratio of 64.18. The firm has a 50 day moving average price of C$83.39 and a 200-day moving average price of C$77.11. The firm has a market cap of C$18.89 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 2.12 and a beta of 0.08.

Metro (TSE:MRU - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported C$1.35 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C$1.35. Metro had a net margin of 4.36% and a return on equity of 13.74%. The company had revenue of C$6.65 billion during the quarter, compared to analysts' expectations of C$6.58 billion. On average, equities analysts forecast that Metro Inc. will post 4.7132311 EPS for the current year.

Metro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 24th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, September 5th. Metro's payout ratio is currently 32.76%.

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.