Metro (TSE:MRU – Free Report) had its price objective cut by TD Securities from C$80.00 to C$76.00 in a research note issued to investors on Friday, BayStreet.CA reports. They currently have a hold rating on the stock.
MRU has been the topic of a number of other reports. CIBC lowered their price target on Metro from C$80.00 to C$76.00 and set a neutral rating on the stock in a report on Thursday, November 16th. Royal Bank of Canada lowered their price target on Metro from C$84.00 to C$83.00 and set a sector perform rating on the stock in a report on Thursday, November 16th. Scotiabank lowered their price target on Metro from C$78.00 to C$77.00 and set a sector perform rating on the stock in a report on Thursday, November 16th. Desjardins decreased their price objective on Metro from C$77.00 to C$74.00 and set a hold rating on the stock in a report on Thursday, November 16th. Finally, BMO Capital Markets decreased their price objective on Metro from C$77.00 to C$73.00 and set a market perform rating on the stock in a report on Thursday, November 16th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$77.14.
Metro Trading Down 0.2 %
Metro Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.3025 per share. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $1.21 annualized dividend and a dividend yield of 1.73%. Metro’s dividend payout ratio (DPR) is 29.58%.
Metro Company Profile
Metro Inc operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries, as well as Mediterranean and Middle Eastern products.
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