Metro Inc. (TSE:MRU) Receives C$110.13 Average PT from Brokerages

Shares of Metro Inc. (TSE:MRU) have received an average rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$110.13.

Several brokerages recently issued reports on MRU. Royal Bank Of Canada raised their target price on shares of Metro from C$98.00 to C$112.00 in a report on Monday, July 21st. TD Securities raised their target price on shares of Metro from C$112.00 to C$118.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. BMO Capital Markets raised their target price on shares of Metro from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, National Bankshares dropped their target price on shares of Metro from C$111.00 to C$110.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th.

Metro Trading Up 0.5%

Shares of MRU stock opened at C$92.78 on Friday. Metro has a 12-month low of C$81.01 and a 12-month high of C$109.20. The company has a current ratio of 1.35, a quick ratio of 0.41 and a debt-to-equity ratio of 62.29. The firm’s 50 day moving average is C$100.52 and its 200 day moving average is C$101.70. The stock has a market capitalization of C$20.18 billion, a P/E ratio of 20.13, a P/E/G ratio of 4.06 and a beta of 0.28.

Metro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were given a $0.37 dividend. The ex-dividend date was Thursday, September 4th. This represents a $1.48 annualized dividend and a yield of 1.6%. Metro’s dividend payout ratio (DPR) is presently 30.59%.

About Metro

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.