Metro (TSE:MRU) Price Target Raised to C$86.00 at CIBC

Metro (TSE:MRU) had its price target upped by CIBC from C$77.00 to C$86.00 in a research note published on Thursday, BayStreet.CA reports.

A number of other analysts have also recently weighed in on MRU. TD Securities raised Metro from a hold rating to a buy rating and increased their price objective for the stock from C$80.00 to C$92.00 in a research report on Monday, July 22nd. National Bankshares increased their price target on Metro from C$85.00 to C$88.00 in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of Metro from C$82.00 to C$84.00 in a research note on Friday, July 12th. BMO Capital Markets upped their price objective on shares of Metro from C$75.00 to C$83.00 and gave the stock a market perform rating in a research report on Wednesday, August 7th. Finally, Desjardins lifted their target price on shares of Metro from C$75.00 to C$80.00 and gave the company a hold rating in a report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of C$84.25.

Metro Price Performance

Shares of MRU opened at C$83.91 on Thursday. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. Metro has a fifty-two week low of C$65.43 and a fifty-two week high of C$84.78. The firm has a 50-day simple moving average of C$78.60 and a 200-day simple moving average of C$74.52. The company has a market capitalization of C$18.68 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.12 and a beta of 0.08.

Metro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.335 per share. The ex-dividend date is Thursday, September 5th. This represents a $1.34 annualized dividend and a dividend yield of 1.60%. Metro’s payout ratio is currently 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.