Metro (TSE:MRU) PT Raised to C$83.00

Metro (TSE:MRU) had its price objective upped by BMO Capital Markets from C$75.00 to C$83.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Scotiabank dropped their target price 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. Royal Bank of Canada lifted their target price on shares of Metro from C$82.00 to C$84.00 in a report on Friday, July 12th. CIBC lifted their target price on shares of Metro from C$76.00 to C$77.00 and gave the stock a neutral rating in a report on Thursday, April 25th. Desjardins lifted their target price on shares of Metro from C$74.00 to C$75.00 and gave the stock a hold rating in a report on Thursday, April 25th. Finally, National Bankshares lifted their target price on shares of Metro from C$82.00 to C$85.00 and gave the stock a sector perform rating in a report on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of C$81.43.

Metro Stock Down 0.5 %

MRU stock opened at C$79.75 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 64.39. Metro has a 1 year low of C$65.43 and a 1 year high of C$83.16. The company has a fifty day simple moving average of C$77.86 and a 200 day simple moving average of C$74.07. The firm has a market cap of C$18.00 billion, a PE ratio of 18.68, a PEG ratio of 2.12 and a beta of 0.05.

Metro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.335 per share. The ex-dividend date was Tuesday, May 14th. This represents a $1.34 annualized dividend and a yield of 1.68%. Metro’s dividend payout ratio is 31.38%.

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.