Metro (TSE:MRU) Price Target Raised to C$105.00

Metro (TSE:MRU) had its target price lifted by UBS Group from C$99.00 to C$105.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Several other analysts have also issued reports on the company. Royal Bank of Canada boosted their target price on Metro from C$90.00 to C$98.00 in a research note on Monday, April 14th. BMO Capital Markets lifted their price objective on Metro from C$96.00 to C$110.00 in a report on Friday, April 4th. Scotiabank lifted their price objective on Metro from C$98.00 to C$100.00 in a research report on Thursday, January 30th. Finally, National Bankshares boosted their price target on Metro from C$94.00 to C$102.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Metro presently has a consensus rating of “Hold” and an average target price of C$102.00.

Metro Stock Up 0.9 %

Shares of Metro stock opened at C$102.08 on Thursday. The company has a debt-to-equity ratio of 62.29, a current ratio of 1.35 and a quick ratio of 0.41. The firm has a market cap of C$22.58 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 4.06 and a beta of 0.08. The stock’s 50-day moving average is C$96.19 and its 200 day moving average is C$91.30. Metro has a one year low of C$69.19 and a one year high of C$103.59.

Metro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, March 11th were paid a dividend of $0.37 per share. This is an increase from Metro’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, February 13th. Metro’s dividend payout ratio is presently 30.93%.

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.