Metro (TSE:MRU) Hits New 52-Week High – Should You Buy?

Metro Inc. (TSE:MRU) shares reached a new 52-week high on Wednesday . The stock traded as high as C$91.84 and last traded at C$91.81, with a volume of 23254 shares changing hands. The stock had previously closed at C$91.17.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MRU shares. CIBC boosted their price objective on shares of Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Royal Bank of Canada cut shares of Metro from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 21st. National Bankshares boosted their price objective on shares of Metro from C$85.00 to C$88.00 in a report on Thursday, August 15th. Cfra boosted their price objective on shares of Metro from C$76.00 to C$85.00 in a report on Thursday, August 15th. Finally, Desjardins upped their target price on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$87.50.

Metro Price Performance

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 firm’s fifty day simple moving average is C$84.90 and its two-hundred day simple moving average is C$81.15. The firm has a market cap of C$20.58 billion, a PE ratio of 22.29, a P/E/G ratio of 4.06 and a beta of 0.08.

Metro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 12th were issued a $0.335 dividend. The ex-dividend date was Thursday, October 24th. This represents a $1.34 dividend on an annualized basis and a yield of 1.45%. Metro’s dividend payout ratio is presently 32.76%.

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.