Metro Inc. (TSE:MRU – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$95.10 and traded as low as C$92.38. Metro shares last traded at C$94.16, with a volume of 641,688 shares traded.
Wall Street Analyst Weigh In
MRU has been the subject of several analyst reports. Scotia lowered their price objective on 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. BMO Capital Markets lowered their price objective on Metro from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Desjardins lowered their price objective on Metro from C$99.00 to C$97.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Canadian Imperial Bank of Commerce lowered their price objective on Metro from C$101.00 to C$97.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Scotiabank lowered Metro from an “outperform” rating to a “hold” rating and set a C$103.00 price objective for the company. in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$103.63.
Get Our Latest Research Report on MRU
Metro Stock Performance
Metro (TSE:MRU – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.11 EPS for the quarter. Metro had a return on equity of 14.38% and a net margin of 4.52%.The business had revenue of C$5.11 billion during the quarter. Research analysts expect that Metro Inc. will post 4.8188614 earnings per share for the current year.
Metro Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, May 13th. Metro’s dividend payout ratio (DPR) is currently 32.36%.
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. It utilizes an array of business models, but it most frequently acts as either a retailer, operating individual stores, or a franchiser, licensing its trademarks and supplying merchandise to franchisees.
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