Metro Inc. (TSE:MRU) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Metro Inc. (TSE:MRU) have earned an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$88.67.

A number of equities analysts recently weighed in on MRU shares. UBS Group set a C$98.00 price target on Metro and gave the stock a “neutral” rating in a research note on Friday, December 13th. Desjardins boosted their price target on shares of Metro from C$85.00 to C$95.00 in a report on Friday, November 22nd. Royal Bank of Canada lowered shares of Metro from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, CIBC boosted their target price on shares of Metro from C$86.00 to C$91.00 in a research note on Thursday, November 21st.

Metro Stock Performance

MRU opened at C$91.19 on Friday. The business has a fifty day simple moving average of C$88.38 and a 200-day simple moving average of C$83.82. The firm has a market cap of C$20.30 billion, a PE ratio of 22.30, a P/E/G ratio of 4.06 and a beta of 0.08. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. Metro has a fifty-two week low of C$66.57 and a fifty-two week high of C$94.86.

Metro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Thursday, October 24th. Metro’s dividend 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.