Metro Inc. (TSE:MRU – Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$90.42 and traded as high as C$90.79. Metro shares last traded at C$90.07, with a volume of 398,615 shares.
Analysts Set New Price Targets
Several analysts have commented on MRU shares. BMO Capital Markets dropped their price objective on Metro from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Desjardins dropped their price target on shares of Metro from C$99.00 to C$97.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce cut their target price on shares of Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Scotiabank cut shares of Metro from an “outperform” rating to a “hold” rating and set a C$103.00 target price on the stock. in a research note on Thursday, April 9th. Finally, Scotia reduced their target price on shares of Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$103.62.
Get Our Latest Stock Report on MRU
Metro Stock Performance
Metro (TSE:MRU – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported C$1.11 earnings per share (EPS) for the quarter. Metro had a net margin of 4.52% and a return on equity of 14.38%. The firm had revenue of C$5.11 billion during the quarter. As a group, equities research analysts expect that Metro Inc. will post 4.8188614 earnings per share for the current fiscal year.
Metro Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, June 2nd were issued a $0.4075 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.63 dividend on an annualized basis and a yield of 1.8%. Metro’s dividend payout ratio is currently 32.36%.
About Metro
With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.
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