Desjardins Boosts Metro (TSE:MRU) Price Target to C$95.00

Metro (TSE:MRU) had its target price raised by Desjardins from C$85.00 to C$95.00 in a report issued on Friday morning,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on MRU. Royal Bank of Canada increased their price objective on shares of Metro from C$84.00 to C$90.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. National Bankshares increased their price objective on shares of Metro from C$85.00 to C$88.00 in a research note on Thursday, August 15th. BMO Capital Markets raised their target price on shares of Metro from C$82.00 to C$85.00 in a research note on Thursday, August 15th. Cfra raised their target price on shares of Metro from C$76.00 to C$85.00 in a research note on Thursday, August 15th. Finally, CIBC raised their target price on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Metro currently has a consensus rating of “Hold” and a consensus target price of C$87.50.

Metro Price Performance

Shares of TSE:MRU opened at C$89.73 on Friday. The firm’s 50 day moving average price is C$84.71 and its 200-day moving average price is C$80.80. Metro has a twelve month low of C$65.43 and a twelve month high of C$90.72. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The stock has a market capitalization of C$19.97 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08.

Metro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, October 24th. Metro’s dividend payout ratio (DPR) 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.