Metro Inc. (TSE:MRU – Get Free Report) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$84.25.
A number of research analysts have commented on MRU shares. Cfra upped their price target on Metro from C$76.00 to C$85.00 in a research report on Thursday, August 15th. Royal Bank of Canada increased their target price on Metro from C$82.00 to C$84.00 in a research report on Friday, July 12th. TD Securities raised Metro from a “hold” rating to a “buy” rating and increased their target price for the stock from C$80.00 to C$92.00 in a research report on Monday, July 22nd. National Bankshares increased their target price on Metro from C$85.00 to C$88.00 in a research report on Thursday, August 15th. Finally, CIBC increased their target price on Metro from C$77.00 to C$86.00 in a research report on Thursday, August 15th.
Read Our Latest Research Report on MRU
Metro Trading Down 0.3 %
Metro (TSE:MRU – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$1.35 EPS for the quarter, meeting analysts’ consensus estimates of C$1.35. The business had revenue of C$6.65 billion during the quarter, compared to analyst estimates of C$6.58 billion. Metro had a return on equity of 13.74% and a net margin of 4.36%.
Metro Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 24th will be paid a $0.335 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.34 annualized dividend and a dividend yield of 1.55%. Metro’s payout ratio is currently 32.76%.
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.
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