Metro (TSE:MRU) Price Target Raised to C$106.00

Metro (TSE:MRU) had its target price raised by CIBC from C$91.00 to C$106.00 in a report issued on Thursday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on MRU. UBS Group upped their price target on Metro from C$99.00 to C$105.00 in a research note on Thursday. National Bankshares raised 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. Scotiabank increased their price target on Metro from C$98.00 to C$100.00 in a report on Thursday, January 30th. Royal Bank of Canada raised their target price on shares of Metro from C$90.00 to C$98.00 in a research report on Monday, April 14th. Finally, BMO Capital Markets upped their price objective on shares of Metro from C$96.00 to C$110.00 in a research note on Friday, April 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$102.00.

Metro Price Performance

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

Metro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. This is a boost from Metro’s previous quarterly dividend of $0.34. Metro’s dividend payout ratio (DPR) is presently 30.93%.

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.