Brokerages Set Metro Inc. (TSE:MRU) PT at C$109.13

Shares of Metro Inc. (TSE:MRU) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$109.13.

Several equities analysts recently weighed in on the company. National Bankshares cut their price target on Metro from C$110.00 to C$107.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 15th. BMO Capital Markets reduced their target price on Metro from C$115.00 to C$110.00 in a research note on Monday, November 3rd. Royal Bank Of Canada lifted their price target on shares of Metro from C$98.00 to C$112.00 in a research note on Monday, July 21st. Finally, TD Securities boosted their price target 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.

Metro Stock Up 3.1%

MRU stock opened at C$97.05 on Monday. Metro has a one year low of C$84.50 and a one year high of C$109.20. The company has a debt-to-equity ratio of 62.29, a quick ratio of 0.41 and a current ratio of 1.35. The firm’s fifty day moving average is C$94.24 and its 200 day moving average is C$100.69. The firm has a market cap of C$21.11 billion, a PE ratio of 21.05, a P/E/G ratio of 4.06 and a beta of 0.20.

Metro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. Metro’s payout ratio is currently 30.59%.

Metro Company Profile

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.