Analysts Set Metro Inc. (TSE:MRU) PT at C$84.25

Metro Inc. (TSE:MRU) 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.

Metro Trading Down 0.3 %

MRU opened at C$86.46 on Wednesday. The business has a 50 day simple moving average of C$82.42 and a two-hundred day simple moving average of C$76.45. The firm has a market capitalization of C$19.25 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.12 and a beta of 0.08. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.10 and a quick ratio of 0.41. Metro has a one year low of C$65.43 and a one year high of C$87.22.

Metro (TSE:MRU) 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.