Analysts Set Metro Inc. (TSE:MRU) Target Price at C$89.33

Shares of Metro Inc. (TSE:MRU) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$89.33.

A number of brokerages have recently issued reports on MRU. Royal Bank of Canada downgraded Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Desjardins lifted their price objective on Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. CIBC increased their price target on shares of Metro from C$86.00 to C$91.00 in a research report on Thursday, November 21st. UBS Group set a C$98.00 target price on Metro and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, National Bankshares upped their price target on Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a research report on Monday, January 13th.

Metro Stock Down 0.6 %

Shares of TSE:MRU opened at C$90.08 on Tuesday. The firm has a fifty day moving average price of C$90.48 and a two-hundred day moving average price of C$85.66. The company has a market cap of C$20.05 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 4.06 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. Metro has a one year low of C$68.12 and a one year high of C$94.86.

Metro Dividend Announcement

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